Surgical Care Affiliates (NASDAQ:SCAI) Receives a Higher Rating From Goldman. What’s The Reasoning Behind This Move?


Surgical Care Affiliates (NASDAQ:SCAI) Stock Upgrade

Surgical Care Affiliates (NASDAQ:SCAI)’s stock was lifted to a solid Buy by professional analysts at Goldman. SCAI’s past Neutral rating is has been discontinued by the brokerage firm.

From a total of 9 analysts covering Surgical Care Affiliates (NASDAQ:SCAI) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $46 while the lowest target price is $34. The mean of all analyst targets is $40.22 with a 1.39% above today’s ($38.96) stock price. Surgical Care Affiliates was the topic of 4 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on September 16 with “Neutral” rating.

Approximately 313,395 shares of stock traded hands or 100.67% up from the average. Surgical Care Affiliates Inc (NASDAQ:SCAI) has risen 5.01% since May 14, 2015 and is uptrending. It has outperformed by 7.28% the S&P500.

The overall sentiment of institutions has increased to 1.55 in Q2 2015. Its up 0.11, from 1.44 in 2015Q2. The ratio improved, as 16 institutions have sold all the shares of Surgical Care Affiliates Inc that they owned while 31 funds have taken shares off the table. 18 funds have purchased shares for the first time while 55 added to their positions. These institutions now hold 37.22 million shares or 4.15% less than the 38.83 million shares they owned in 2015Q2.

The Fund Welch Capital Partners Llc Ny currently is holding shares equating to 4.72% of its total portfolio in Surgical Care Affiliates Inc representing a total of 424,940 shares. Another fund,Tpg Group Holdings (Sbs) Advisors Inc., is holding a total of 12.16 million shares equating to 1.92% of their holdings. Additionally, Sivik Global Healthcare Llc has a 80,000 share stake in Surgical Care Affiliates Inc which represents 1.27% of their total portfolio. The Fund, Pier Capital Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 1.05% of their total portfolio. Finally Wall Street Associates, a fund which is based in the state of California reported a total holdings of 139,100 shares.

Surgical Care Affiliates, Inc. is a national well-known provider of solutions to physicians, health systems and payors. The company has a market cap of $1.45 billion. The Firm 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. It has 11.71 P/E ratio. Surgical Care Affiliates offers tools and systems in the areas of clinical benchmarking, clinical best practices, operating efficiency, care coordination and supply chain management.

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.”