Genesis Healthcare, Inc. (NYSE:GEN) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, July 13th.

Separately, Cantor Fitzgerald began coverage on Genesis Healthcare in a research report on Wednesday, July 5th. They set an “overweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Genesis Healthcare presently has an average rating of “Hold” and a consensus target price of $2.65.

Genesis Healthcare (NYSE:GEN) opened at 1.41 on Thursday. The firm’s 50-day moving average is $1.62 and its 200-day moving average is $2.52. Genesis Healthcare has a 1-year low of $1.38 and a 1-year high of $4.75. The company’s market capitalization is $130.75 million.

Genesis Healthcare (NYSE:GEN) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.25. Genesis Healthcare had a negative net margin of 1.27% and a negative return on equity of 0.81%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business posted ($0.48) EPS. Equities research analysts predict that Genesis Healthcare will post ($1.27) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Columbia Pacific Advisors LLC raised its stake in Genesis Healthcare by 38.6% in the first quarter. Columbia Pacific Advisors LLC now owns 5,294,819 shares of the company’s stock worth $13,978,000 after buying an additional 1,475,508 shares during the last quarter. First Washington CORP raised its stake in Genesis Healthcare by 15.9% in the first quarter. First Washington CORP now owns 1,457,820 shares of the company’s stock worth $3,849,000 after buying an additional 199,900 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Genesis Healthcare by 500.3% in the first quarter. JPMorgan Chase & Co. now owns 1,026,169 shares of the company’s stock valued at $2,709,000 after buying an additional 855,240 shares during the last quarter. State Street Corp boosted its position in Genesis Healthcare by 15.7% in the fourth quarter. State Street Corp now owns 734,589 shares of the company’s stock valued at $3,124,000 after buying an additional 99,474 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Genesis Healthcare by 116.3% in the first quarter. Renaissance Technologies LLC now owns 687,000 shares of the company’s stock valued at $1,814,000 after buying an additional 369,400 shares during the last quarter. Institutional investors own 14.37% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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