Five Star Quality Care, Inc. (NYSE:FVE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Five Star Quality Care, Inc. is in the business of leasing and operating senior living facilities, including senior apartments, assisted living facilities, congregate communities and nursing homes. “

Shares of Five Star Quality Care (NYSE:FVE) traded down 2.29% during mid-day trading on Monday, hitting $2.56. The company had a trading volume of 135,402 shares. The firm’s market capitalization is $126.77 million. Five Star Quality Care has a 52-week low of $1.65 and a 52-week high of $3.98. The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $2.17.

Five Star Quality Care (NYSE:FVE) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.06. The company had revenue of $279 million for the quarter, compared to analysts’ expectations of $278 million. Analysts expect that Five Star Quality Care will post ($0.36) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of FVE. Spark Investment Management LLC acquired a new stake in Five Star Quality Care during the first quarter worth approximately $132,000. Geode Capital Management LLC increased its stake in Five Star Quality Care by 1.7% in the first quarter. Geode Capital Management LLC now owns 254,789 shares of the company’s stock worth $583,000 after buying an additional 4,325 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Five Star Quality Care by 143.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 186,343 shares of the company’s stock worth $427,000 after buying an additional 109,743 shares during the last quarter. Royal Bank of Canada increased its stake in Five Star Quality Care by 60.2% in the first quarter. Royal Bank of Canada now owns 114,387 shares of the company’s stock worth $262,000 after buying an additional 42,983 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Five Star Quality Care by 23.2% in the second quarter. Acadian Asset Management LLC now owns 1,725,649 shares of the company’s stock worth $4,037,000 after buying an additional 324,509 shares during the last quarter.

Five Star Quality Care Company Profile

Five Star Quality Care, Inc operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents.

5 Day Chart for NYSE:FVE

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