Five Star Quality Care, Inc. (FVE) Upgraded to “Hold” 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 report issued 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. “
Shares of Five Star Quality Care (NYSE:FVE) traded down 2.29% during mid-day trading on Monday, hitting $2.56. 135,402 shares of the stock were exchanged. The stock’s market cap is $126.77 million. Five Star Quality Care has a one year low of $1.65 and a one year high of $3.98. The company has a 50-day moving average of $2.10 and a 200 day moving average of $2.17.
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Five Star Quality Care (NYSE:FVE) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.06. The firm had revenue of $279 million for the quarter, compared to analyst estimates of $278 million. On average, equities analysts predict that Five Star Quality Care will post ($0.36) earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of FVE. Geode Capital Management LLC raised its position in shares of 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. increased 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 in the last quarter. Boston Partners bought a new stake in Five Star Quality Care during the second quarter worth approximately $1,001,000. Acadian Asset Management LLC increased 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 in the last quarter. Finally, Alpine Partners VI LLC bought a new stake in Five Star Quality Care during the second quarter worth approximately $132,000.
Five Star Quality Care Company Profile
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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