Congress Asset Management Co. MA Increases Position in New Senior Investment Group Inc (SNR)

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Congress Asset Management Co. MA increased its holdings in shares of New Senior Investment Group Inc (NYSE:SNR) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,008 shares of the real estate investment trust’s stock after purchasing an additional 17,985 shares during the period. Congress Asset Management Co. MA owned 0.20% of New Senior Investment Group worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SNR. Renaissance Technologies LLC boosted its position in New Senior Investment Group by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,358,200 shares of the real estate investment trust’s stock worth $32,992,000 after purchasing an additional 574,800 shares during the period. Millennium Management LLC boosted its position in New Senior Investment Group by 569.0% during the 1st quarter. Millennium Management LLC now owns 668,785 shares of the real estate investment trust’s stock worth $5,471,000 after purchasing an additional 568,810 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in New Senior Investment Group during the 2nd quarter worth $1,769,000. JPMorgan Chase & Co. boosted its position in New Senior Investment Group by 177.2% during the 1st quarter. JPMorgan Chase & Co. now owns 209,457 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 133,908 shares during the period. Finally, First Trust Advisors LP boosted its position in New Senior Investment Group by 1,059.2% during the 3rd quarter. First Trust Advisors LP now owns 139,211 shares of the real estate investment trust’s stock worth $821,000 after purchasing an additional 127,202 shares during the period. 66.34% of the stock is owned by hedge funds and other institutional investors.

NYSE:SNR opened at $5.82 on Wednesday. The company has a debt-to-equity ratio of 4.75, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a market capitalization of $460.86 million, a price-to-earnings ratio of 5.11 and a beta of 0.43. New Senior Investment Group Inc has a 1-year low of $5.50 and a 1-year high of $9.00.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). The firm had revenue of $108.85 million during the quarter. New Senior Investment Group had a negative net margin of 7.82% and a negative return on equity of 7.11%. During the same period in the prior year, the firm posted $0.29 earnings per share.

SNR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. ValuEngine cut shares of New Senior Investment Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Finally, Morgan Stanley raised shares of New Senior Investment Group from an “underweight” rating to an “equal weight” rating and set a $6.00 price objective for the company in a research report on Monday.

New Senior Investment Group Profile

New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of March 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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