Genesis Healthcare (GEN) Stock Price Up 16.8%
Genesis Healthcare Inc (NYSE:GEN) rose 16.8% on Wednesday . The company traded as high as $1.19 and last traded at $1.18. Approximately 768,216 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 582,849 shares. The stock had previously closed at $1.01.
The firm has a market capitalization of $159.53, a price-to-earnings ratio of -0.24 and a beta of 1.58. The company has a debt-to-equity ratio of -0.22, a quick ratio of 0.18 and a current ratio of 0.18.
Several institutional investors and hedge funds have recently made changes to their positions in GEN. Schwab Charles Investment Management Inc. raised its holdings in shares of Genesis Healthcare by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 105,432 shares of the company’s stock valued at $184,000 after purchasing an additional 646 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Genesis Healthcare by 10.5% in the 2nd quarter. Alliancebernstein L.P. now owns 91,826 shares of the company’s stock valued at $160,000 after purchasing an additional 8,700 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Genesis Healthcare by 23.2% in the 2nd quarter. Teachers Advisors LLC now owns 62,497 shares of the company’s stock valued at $109,000 after purchasing an additional 11,753 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Genesis Healthcare by 9.8% in the 2nd quarter. Northern Trust Corp now owns 517,110 shares of the company’s stock valued at $900,000 after purchasing an additional 46,333 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Genesis Healthcare in the 2nd quarter valued at $134,000. Institutional investors and hedge funds own 18.48% 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.
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