Price Action Don’t Lie: Will Surgical Care Affiliates Inc Go Down Anytime Soon?

Price Action Don't Lie: Will Surgical Care Affiliates Inc Go Down Anytime Soon?

The stock of Surgical Care Affiliates Inc (NASDAQ:SCAI) is a huge mover today! About 140,189 shares traded hands. Surgical Care Affiliates Inc (NASDAQ:SCAI) has declined 13.37% since April 28, 2016 and is downtrending. It has underperformed by 19.30% the S&P500.
The move comes after 8 months positive chart setup for the $1.68 billion company. It was reported on Dec, 1 by Barchart.com. We have $44.97 PT which if reached, will make NASDAQ:SCAI worth $100.80 million more.

Analysts await Surgical Care Affiliates Inc (NASDAQ:SCAI) to report earnings on February, 21. They expect $0.80 earnings per share, up 19.40% or $0.13 from last year’s $0.67 per share. SCAI’s profit will be $31.68 million for 13.26 P/E if the $0.80 EPS becomes a reality. After $0.33 actual earnings per share reported by Surgical Care Affiliates Inc for the previous quarter, Wall Street now forecasts 142.42% EPS growth.

Surgical Care Affiliates Inc (NASDAQ:SCAI) Ratings Coverage

Out of 4 analysts covering Surgical Care Affiliates (NASDAQ:SCAI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Surgical Care Affiliates has been the topic of 8 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Surgical Care Affiliates Inc (NASDAQ:SCAI) earned “Buy” rating by Goldman Sachs on Thursday, December 17. Barclays Capital maintained Surgical Care Affiliates Inc (NASDAQ:SCAI) on Wednesday, August 5 with “Overweight” rating. The firm earned “Neutral” rating on Wednesday, September 16 by JP Morgan.

According to Zacks Investment Research, “Surgical Care Affiliates Inc. operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. It serves customers throughout the United States. Surgical Care Affiliates Inc. is based in United States.”

Insitutional Activity: The institutional sentiment increased to 1.56 in 2016 Q2. Its up 0.40, from 1.16 in 2016Q1. The ratio is positive, as 14 funds sold all Surgical Care Affiliates Inc shares owned while 50 reduced positions. 20 funds bought stakes while 54 increased positions. They now own 40.77 million shares or 0.03% less from 40.78 million shares in 2016Q1.
The New York-based Pinebridge Invests L P has invested 0.01% in Surgical Care Affiliates Inc (NASDAQ:SCAI). Tci Wealth Advsrs last reported 15 shares in the company. Allianz Asset Mngmt Ag has invested 0% of its portfolio in Surgical Care Affiliates Inc (NASDAQ:SCAI). Schroder Inv Management Grp Inc holds 393,300 shares or 0.04% of its portfolio. Panagora Asset has 10,107 shares for 0% of their US portfolio. Great West Life Assurance Can has 0% invested in the company for 3,068 shares. Jpmorgan Chase & owns 859,535 shares or 0.01% of their US portfolio. Cortina Asset Mgmt Lc owns 293,886 shares or 0.64% of their US portfolio. Metropolitan Life Ny, a New York-based fund reported 19,700 shares. The Switzerland-based Swiss Financial Bank has invested 0% in Surgical Care Affiliates Inc (NASDAQ:SCAI). M&T National Bank holds 0% or 4,450 shares in its portfolio. Ahl Prtnrs Llp last reported 0.28% of its portfolio in the stock. Moreover, Blackrock Advsr Limited Co has 0% invested in Surgical Care Affiliates Inc (NASDAQ:SCAI) for 85,056 shares. The California-based Schwab Charles Inv has invested 0.01% in Surgical Care Affiliates Inc (NASDAQ:SCAI). State Of Tennessee Treasury Department, a Tennessee-based fund reported 21,560 shares.

More notable recent Surgical Care Affiliates Inc (NASDAQ:SCAI) news were published by: Marketwatch.com which released: “Surgical Care Affiliates downgraded to neutral from buy at Goldman Sachs” on June 06, 2011, also Globenewswire.com with their article: “Surgical Care Affiliates, Inc. Announces Successful Refinancing of Term Loan …” published on October 25, 2016, Prnewswire.com published: “Surgical Care Affiliates Has Acquired A Majority Interest In The Surgery …” on August 17, 2016. More interesting news about Surgical Care Affiliates Inc (NASDAQ:SCAI) were released by: Globenewswire.com and their article: “Surgical Care Affiliates Partners With Surgical Center of Connecticut” published on November 14, 2016 as well as Globenewswire.com‘s news article titled: “Surgical Care Affiliates Partners With Raritan Valley Surgery Center” with publication date: July 14, 2016.

SCAI Company Profile

Surgical Care Affiliates, Inc. (Surgical Care Affiliates), incorporated on March 23, 2007, is a well-known provider of solutions to physicians and health systems. The Firm operates a network of outpatient surgery facilities in the United States, which consists of over 190 ambulatory surgery centers (ASCs) and approximately seven surgical hospitals. The Company’s network of facilities includes ASCs, surgical hospitals and hospital surgery departments. The Firm owns and operates facilities in partnership with over 50 health systems and approximately 2,800 physician partners.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment