Genesis HealthCare (GEN) Shares Up 5.2%

Genesis HealthCare (NYSE:GEN) shares shot up 5.2% during mid-day trading on Friday . The company traded as high as $1.92 and last traded at $1.82. 2,274,011 shares were traded during mid-day trading, an increase of 252% from the average session volume of 646,805 shares. The stock had previously closed at $1.73.

A number of research firms recently issued reports on GEN. Stifel Nicolaus set a $2.00 price target on Genesis HealthCare and gave the company a “hold” rating in a report on Tuesday, April 24th. ValuEngine cut Genesis HealthCare from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Stephens reissued a “hold” rating and set a $2.00 price objective on shares of Genesis HealthCare in a report on Monday, March 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.00.

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of -2.80.

Genesis HealthCare (NYSE:GEN) last announced its quarterly earnings results on Thursday, May 10th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.34). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business posted ($0.55) earnings per share. sell-side analysts predict that Genesis HealthCare will post -1.39 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. bought a new stake in shares of Genesis HealthCare in the 1st quarter valued at about $153,000. BSW Wealth Partners increased its stake in shares of Genesis HealthCare by 74.2% in the 1st quarter. BSW Wealth Partners now owns 115,000 shares of the company’s stock valued at $174,000 after acquiring an additional 49,000 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Genesis HealthCare in the 4th quarter valued at about $184,000. Virtu Financial LLC bought a new stake in shares of Genesis HealthCare in the 4th quarter valued at about $203,000. Finally, California Public Employees Retirement System increased its stake in shares of Genesis HealthCare by 23.3% in the 1st quarter. California Public Employees Retirement System now owns 309,910 shares of the company’s stock valued at $468,000 after acquiring an additional 58,610 shares during the last quarter. 18.15% of the stock is owned by institutional investors.

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.

Receive News & Ratings for Genesis HealthCare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis HealthCare and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply