Zacks Investment Research Downgrades Capital Senior Living Corp. (CSU) to Strong Sell
Capital Senior Living Corp. (NYSE:CSU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.
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. “
CSU has been the subject of several other research reports. Stifel Nicolaus downgraded Capital Senior Living Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. JMP Securities dropped their target price on Capital Senior Living Corp. from $26.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, August 24th.
Shares of Capital Senior Living Corp. (NYSE:CSU) traded down 0.90% during midday trading on Tuesday, reaching $16.60. 242,782 shares of the company’s stock traded hands. The stock has a 50 day moving average of $16.95 and a 200-day moving average of $18.18. The stock’s market cap is $480.50 million. Capital Senior Living Corp. has a 52-week low of $14.58 and a 52-week high of $24.55.
Capital Senior Living Corp. (NYSE:CSU) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by $0.17. The company earned $111 million during the quarter, compared to analyst estimates of $112.79 million. Capital Senior Living Corp. had a negative net margin of 3.13% and a positive return on equity of 0.15%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. On average, equities research analysts expect that Capital Senior Living Corp. will post ($0.58) EPS for the current year.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Capital Senior Living Corp. by 29.4% in the first quarter. Legal & General Group Plc now owns 5,445 shares of the company’s stock worth $100,000 after buying an additional 1,238 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Capital Senior Living Corp. during the second quarter worth approximately $182,000. Paloma Partners Management Co bought a new position in shares of Capital Senior Living Corp. during the second quarter worth approximately $187,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Capital Senior Living Corp. during the first quarter worth approximately $210,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Capital Senior Living Corp. during the second quarter worth approximately $266,000. 91.94% of the stock is owned by institutional investors.
About Capital Senior Living Corp.
Capital Senior Living Corporation is an operator of senior living communities in the United States in terms of resident capacity. The Company operates over 10 senior living communities in approximately 20 states, including over 70 senior living communities, which the Company owns and over 50 senior living communities the Company leases.
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