Five Star Quality Care, Inc. (FVE) Trading Up 6.8%
Five Star Quality Care, Inc. (NYSE:FVE) shares were up 6.8% on Wednesday . The company traded as high as $2.03 and last traded at $2.03, with a volume of 67,999 shares trading hands. The stock had previously closed at $1.90.
Separately, Zacks Investment Research raised shares of Five Star Quality Care from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research report on Monday, July 4th.
The firm’s market capitalization is $100.53 million. The firm’s 50-day moving average price is $2.00 and its 200-day moving average price is $2.18.
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Five Star Quality Care (NYSE:FVE) last posted its earnings results on Thursday, August 4th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.06. The business had revenue of $279 million for the quarter, compared to analysts’ expectations of $278 million. On average, analysts forecast that Five Star Quality Care, Inc. will post ($0.36) EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. LMR Partners LLP purchased a new position in shares of Five Star Quality Care during the second quarter worth about $103,000. Spark Investment Management LLC purchased a new position in shares of Five Star Quality Care during the first quarter worth about $132,000. Alpine Partners VI LLC purchased a new position in shares of Five Star Quality Care during the second quarter worth about $132,000. Tower Research Capital LLC TRC purchased a new position in shares of Five Star Quality Care during the second quarter worth about $140,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Five Star Quality Care during the second quarter worth about $164,000.
About Five Star Quality Care
Five Star Quality Care, Inc operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents.
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