Wall Street Associates buys $3.6 Million stake in Surgical Care Affiliates Inc (SCAI)

Surgical Care Affiliates Inc (SCAI) : Wall Street Associates scooped up 791 additional shares in Surgical Care Affiliates Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 83,991 shares of Surgical Care Affiliates Inc which is valued at $3.6 Million.Surgical Care Affiliates Inc makes up approximately 1.51% of Wall Street Associates’s portfolio.

Other Hedge Funds, Including , Lucus Advisors sold out all of its stake in SCAI during the most recent quarter. The investment firm sold 14,390 shares of SCAI which is valued $610,712. Mackenzie Financial Corp added SCAI to its portfolio by purchasing 39,670 company shares during the most recent quarter which is valued at $1.7 Million. Surgical Care Affiliates Inc makes up approx 0.02% of Mackenzie Financial Corp’s portfolio. Fuller Thaler Asset Management added SCAI to its portfolio by purchasing 280 company shares during the most recent quarter which is valued at $11,883. Diam Ltd. added SCAI to its portfolio by purchasing 5,186 company shares during the most recent quarter which is valued at $231,710.Swiss National Bank boosted its stake in SCAI in the latest quarter, The investment management firm added 11,800 additional shares and now holds a total of 45,800 shares of Surgical Care Affiliates Inc which is valued at $2 Million.

Surgical Care Affiliates Inc opened for trading at $45.37 and hit $45.77 on the upside on Wednesday, eventually ending the session at $45.27, with a gain of 0.40% or 0.18 points. The heightened volatility saw the trading volume jump to 2,94,109 shares. Company has a market cap of $1,811 M.

On the company’s financial health, Surgical Care Affiliates Inc reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.36. The company had revenue of $279.70 million for the quarter, compared to analysts expectations of $272.23 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Surgical Care Affiliates Inc. (Surgical Care Affiliates) is a national provider of solutions to physicians health systems and payors. The Company operates a network of outpatient surgery facilities in the United States which as of December 31 2014 consisted of 179 ambulatory surgery centers (ASCs) six surgical hospitals and one sleep center with 11 locations. Surgical Care Affiliates offers tools and systems in the areas of clinical benchmarking clinical best practices operating efficiency care coordination and supply chain management. Surgical Care Affiliates’ network of facilities includes ASCs surgical hospitals and hospital surgery departments. As of December 31 2014 Surgical Care Affiliates owned and operated facilities in partnership with 42 health systems and approximately 2000 physician partners. As of December 31 2014 case mix in the Company’s portfolio included orthopedic ophthalmology gastroenterology ENT pain and general surgery.

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