Insider Selling: Genesis Healthcare, Inc. (GEN) COO Sells 6,100 Shares of Stock
Genesis Healthcare, Inc. (NYSE:GEN) COO Paul David Bach sold 6,100 shares of Genesis Healthcare stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $1.73, for a total value of $10,553.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Genesis Healthcare, Inc. (NYSE GEN) traded down 1.66% on Thursday, reaching $1.78. The company’s stock had a trading volume of 146,052 shares. The stock has a 50-day moving average of $2.11 and a 200-day moving average of $3.14. The stock’s market cap is $165.06 million. Genesis Healthcare, Inc. has a one year low of $1.38 and a one year high of $4.75.
Genesis Healthcare (NYSE:GEN) last released its earnings results on Tuesday, May 9th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.25. Genesis Healthcare had a negative return on equity of 0.81% and a negative net margin of 1.27%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted ($0.48) EPS. On average, analysts predict that Genesis Healthcare, Inc. will post ($1.22) EPS for the current fiscal year.
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Separately, ValuEngine raised Genesis Healthcare from a “strong sell” rating to a “sell” rating in a report on Thursday, June 8th.
A number of institutional investors have recently added to or reduced their stakes in GEN. Columbia Pacific Advisors LLC boosted its position in Genesis Healthcare by 38.6% in the first quarter. Columbia Pacific Advisors LLC now owns 5,294,819 shares of the company’s stock valued at $13,978,000 after buying an additional 1,475,508 shares in the last quarter. First Washington CORP boosted its position in Genesis Healthcare by 15.9% in the first quarter. First Washington CORP now owns 1,457,820 shares of the company’s stock valued at $3,849,000 after buying an additional 199,900 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Genesis Healthcare by 500.3% in the first quarter. JPMorgan Chase & Co. now owns 1,026,169 shares of the company’s stock valued at $2,709,000 after buying an additional 855,240 shares in the last quarter. Vanguard Group Inc. boosted its position in Genesis Healthcare by 0.3% in the first quarter. Vanguard Group Inc. now owns 900,567 shares of the company’s stock valued at $2,378,000 after buying an additional 2,874 shares in the last quarter. Finally, State Street Corp boosted its position in Genesis Healthcare by 15.7% in the fourth quarter. State Street Corp now owns 734,589 shares of the company’s stock valued at $3,124,000 after buying an additional 99,474 shares in the last quarter. Institutional investors and hedge funds own 14.40% of the company’s stock.
About Genesis Healthcare
Genesis Healthcare, Inc is a holding company that provides post-acute care. The Company operates through three segments: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services.
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