Spark Investment Management buys $10,603,746 stake in Surgical Care Affiliates Inc (SCAI)

Surgical Care Affiliates Inc (SCAI) : Spark Investment Management scooped up 135,700 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 Aug 12, 2016. The investment management firm now holds a total of 225,900 shares of Surgical Care Affiliates Inc which is valued at $10,603,746.Surgical Care Affiliates Inc makes up approximately 0.92% of Spark Investment Management’s portfolio.

Other Hedge Funds, Including , Timessquare Capital Management reduced its stake in SCAI by selling 335,190 shares or 18.62% in the most recent quarter. The Hedge Fund company now holds 1,465,000 shares of SCAI which is valued at $68,767,100. Surgical Care Affiliates Inc makes up approx 0.44% of Timessquare Capital Management’s portfolio.Sivik Global Healthcare boosted its stake in SCAI in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 70,000 shares of Surgical Care Affiliates Inc which is valued at $3,360,000. Surgical Care Affiliates Inc makes up approx 1.57% of Sivik Global Healthcare’s portfolio. Reilly Financial Advisors added SCAI to its portfolio by purchasing 66 company shares during the most recent quarter which is valued at $3,229.

Surgical Care Affiliates Inc opened for trading at $40.65 and hit $41.71 on the upside on Monday, eventually ending the session at $41.39, with a gain of 1.75% or 0.71 points. The heightened volatility saw the trading volume jump to 3,15,618 shares. Company has a market cap of $1,664 M.

On the company’s financial health, Surgical Care Affiliates Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $299.90 million for the quarter, compared to analysts expectations of $292.92 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Surgical Care Affiliates Inc. Surgical Care Affiliates Inc was Downgraded by Goldman to ” Neutral” on Jun 22, 2016.

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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