Genesis Healthcare (GEN) Trading Up 14.1%
Genesis Healthcare Inc (NYSE:GEN) was up 14.1% during mid-day trading on Friday . The stock traded as high as $1.63 and last traded at $1.62. Approximately 674,608 shares traded hands during trading, a decline of 6% from the average daily volume of 718,841 shares. The stock had previously closed at $1.42.
The company has a debt-to-equity ratio of -0.22, a quick ratio of 0.18 and a current ratio of 0.18.
A number of hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in Genesis Healthcare by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,432 shares of the company’s stock worth $184,000 after purchasing an additional 646 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Genesis Healthcare by 6.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 90,612 shares of the company’s stock valued at $158,000 after acquiring an additional 5,250 shares during the last quarter. Alliancebernstein L.P. lifted its stake 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 acquiring an additional 8,700 shares during the last quarter. Teachers Advisors LLC lifted its stake 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 acquiring an additional 11,753 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Genesis Healthcare by 3.6% in the 2nd quarter. State Street Corp now owns 778,728 shares of the company’s stock valued at $1,355,000 after acquiring an additional 26,825 shares during the last quarter. 18.93% of the stock is owned by hedge funds and other institutional investors.
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Genesis Healthcare Company Profile
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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