Capital Senior Living Co. (CSU) Upgraded by Zacks Investment Research to “Hold”
Capital Senior Living Co. (NYSE:CSU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
According to Zacks, “Capital Senior Living Corporation is one of the largest providers of senior living services in the United States. The Company currently owns interests in and/or operates 33 communities in 17 states with a capacity of approximately 5,000 residents, including 17 communities in which it owns interests, 15 communities that it manages for third parties. The Company also operates one home health care agency. “
Several other equities analysts have also issued reports on the company. BidaskClub lowered Capital Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and set a $15.00 price target (up previously from $13.00) on shares of Capital Senior Living in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.33.
Shares of Capital Senior Living (NYSE CSU) traded up 0.25% on Friday, reaching $12.15. The company had a trading volume of 282,724 shares. The firm’s 50 day moving average is $14.39 and its 200 day moving average is $14.76. Capital Senior Living has a 12 month low of $11.78 and a 12 month high of $17.92. The firm’s market capitalization is $358.43 million.
Capital Senior Living (NYSE:CSU) last issued its quarterly earnings data on Tuesday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.22 million. Capital Senior Living had a negative return on equity of 33.41% and a negative net margin of 6.71%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.15) earnings per share. On average, equities research analysts expect that Capital Senior Living will post ($1.58) earnings per share for the current fiscal year.
In related news, VP Joseph G. Solari sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.97, for a total transaction of $47,910.00. Following the transaction, the vice president now owns 43,364 shares of the company’s stock, valued at $692,523.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Capital Senior Living by 7.6% in the fourth quarter. State Street Corp now owns 588,250 shares of the company’s stock worth $9,441,000 after buying an additional 41,795 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Capital Senior Living by 54.8% in the first quarter. Nuveen Asset Management LLC now owns 390,841 shares of the company’s stock worth $5,495,000 after buying an additional 138,437 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Capital Senior Living by 2.5% in the first quarter. OppenheimerFunds Inc. now owns 23,152 shares of the company’s stock worth $326,000 after buying an additional 555 shares during the last quarter. KRV Capital LP purchased a new stake in shares of Capital Senior Living during the first quarter worth approximately $2,840,000. Finally, Trexquant Investment LP purchased a new stake in shares of Capital Senior Living during the first quarter worth approximately $195,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.
About Capital Senior Living
Capital Senior Living Corporation is an operator of senior housing communities in the United States. The Company provides senior living services to the elderly, including independent living and assisted living services, and provides home care services at one of its communities. Its continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or its home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.
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