Five Star Quality Care, Inc. (FVE) Upgraded at Zacks Investment Research
Five Star Quality Care, Inc. (NYSE:FVE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Five Star Quality Care, Inc. is in the business of leasing and operating senior living facilities, including senior apartments, assisted living facilities, congregate communities and nursing homes. “
Five Star Quality Care (NYSE:FVE) traded down 2.29% during trading on Monday, hitting $2.56. 135,402 shares of the stock were exchanged. The stock’s market cap is $126.77 million. The stock has a 50 day moving average of $2.10 and a 200-day moving average of $2.17. Five Star Quality Care has a 52 week low of $1.65 and a 52 week high of $3.98.
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Five Star Quality Care (NYSE:FVE) last released its earnings results on Thursday, August 4th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $279 million for the quarter, compared to the consensus estimate of $278 million. Equities analysts expect that Five Star Quality Care will post ($0.36) EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Five Star Quality Care by 1.7% in the first quarter. Geode Capital Management LLC now owns 254,789 shares of the company’s stock worth $583,000 after buying an additional 4,325 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Five Star Quality Care by 143.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 186,343 shares of the company’s stock worth $427,000 after buying an additional 109,743 shares during the period. Boston Partners bought a new stake in Five Star Quality Care during the second quarter worth approximately $1,001,000. Acadian Asset Management LLC boosted its stake in Five Star Quality Care by 23.2% in the second quarter. Acadian Asset Management LLC now owns 1,725,649 shares of the company’s stock worth $4,037,000 after buying an additional 324,509 shares during the period. Finally, Alpine Partners VI LLC bought a new stake in Five Star Quality Care during the second quarter worth approximately $132,000.
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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