Zacks Investment Research downgraded shares of Capital Senior Living (NYSE:CSU) from a strong-buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

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. “

Other research analysts also recently issued reports about the company. Raymond James set a $60.00 price target on Banner and gave the company a buy rating in a report on Friday, May 3rd. ValuEngine downgraded Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $7.38.

CSU traded up $0.04 during trading on Tuesday, hitting $5.42. The company’s stock had a trading volume of 54,875 shares, compared to its average volume of 454,043. The business has a 50 day simple moving average of $4.56. The company has a debt-to-equity ratio of 35.32, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $159.33 million, a PE ratio of -6.45 and a beta of 0.96. Capital Senior Living has a twelve month low of $3.48 and a twelve month high of $11.07.

Capital Senior Living (NYSE:CSU) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.14. The company had revenue of $114.18 million during the quarter, compared to the consensus estimate of $116.14 million. Capital Senior Living had a negative return on equity of 52.78% and a negative net margin of 12.93%. As a group, research analysts expect that Capital Senior Living will post -1.23 EPS for the current year.

In other news, major shareholder Sam Levinson acquired 900,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $4,527,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Gloria Holland sold 9,838 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $3.80, for a total value of $37,384.40. Following the sale, the vice president now owns 18,067 shares of the company’s stock, valued at $68,654.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,365,518 shares of company stock valued at $6,563,246. Insiders own 18.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSU. Marshall Wace LLP bought a new position in Capital Senior Living in the 1st quarter worth $26,000. Cove Street Capital LLC raised its holdings in Capital Senior Living by 20.2% in the 1st quarter. Cove Street Capital LLC now owns 3,137,584 shares of the company’s stock worth $12,518,000 after acquiring an additional 526,546 shares during the period. Altrinsic Global Advisors LLC raised its holdings in Capital Senior Living by 11.4% in the 1st quarter. Altrinsic Global Advisors LLC now owns 586,007 shares of the company’s stock worth $2,338,000 after acquiring an additional 60,000 shares during the period. Spark Investment Management LLC bought a new position in Capital Senior Living in the 1st quarter worth $104,000. Finally, Victory Capital Management Inc. raised its holdings in Capital Senior Living by 19.7% in the 1st quarter. Victory Capital Management Inc. now owns 203,955 shares of the company’s stock worth $814,000 after acquiring an additional 33,515 shares during the period. Hedge funds and other institutional investors own 75.88% of the company’s stock.

Capital Senior Living Company Profile

Capital Senior Living Corporation develops, owns, operates, and manages senior housing communities in the United States. The company provides senior living services to the elderly, including independent living, assisted living, and memory care services. Its independent living services comprise daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing; and access to health screenings, periodic special services, and dietary and similar programs, as well as exercise and fitness classes.

Further Reading: Beta

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