Capital Senior Living Corporation (NYSE:CSU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. “
A number of other analysts also recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target (up from $13.00) on shares of Capital Senior Living Corporation in a report on Tuesday, August 8th. BidaskClub downgraded Capital Senior Living Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Capital Senior Living Corporation presently has a consensus rating of “Hold” and a consensus price target of $17.33.
Capital Senior Living Corporation (NYSE:CSU) opened at 12.15 on Friday. Capital Senior Living Corporation has a one year low of $11.78 and a one year high of $17.92. The stock has a 50 day moving average price of $14.28 and a 200-day moving average price of $14.72. The firm’s market capitalization is $358.43 million.
Capital Senior Living Corporation (NYSE:CSU) last posted its quarterly earnings data on Tuesday, August 1st. The company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. The business had revenue of $116.70 million during the quarter, compared to the consensus estimate of $117.22 million. Capital Senior Living Corporation had a negative return on equity of 6.73% and a negative net margin of 10.28%. Capital Senior Living Corporation’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. On average, equities analysts forecast that Capital Senior Living Corporation will post ($1.58) earnings per share for the current year.
In other Capital Senior Living Corporation news, VP Joseph G. Solari sold 3,000 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.97, for a total transaction of $47,910.00. Following the completion of the sale, the vice president now directly owns 43,364 shares in the company, valued at approximately $692,523.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CSU. State Street Corp boosted its position in Capital Senior Living Corporation by 7.6% in the fourth quarter. State Street Corp now owns 588,250 shares of the company’s stock worth $9,441,000 after buying an additional 41,795 shares during the period. Northpointe Capital LLC boosted its position in Capital Senior Living Corporation by 2.4% in the first quarter. Northpointe Capital LLC now owns 1,079,130 shares of the company’s stock worth $15,173,000 after buying an additional 24,886 shares during the period. Russell Investments Group Ltd. boosted its position in Capital Senior Living Corporation by 16.2% in the first quarter. Russell Investments Group Ltd. now owns 343,190 shares of the company’s stock worth $4,826,000 after buying an additional 47,851 shares during the period. Wells Fargo & Company MN boosted its position in Capital Senior Living Corporation by 29.4% in the first quarter. Wells Fargo & Company MN now owns 76,506 shares of the company’s stock worth $1,076,000 after buying an additional 17,369 shares during the period. Finally, Sei Investments Co. boosted its position in Capital Senior Living Corporation by 24.4% in the first quarter. Sei Investments Co. now owns 8,428 shares of the company’s stock worth $118,000 after buying an additional 1,654 shares during the period. 98.88% of the stock is currently owned by institutional investors.
About Capital Senior Living Corporation
Capital Senior Living Corporation is an operator of senior housing communities in the United States. The Company provides senior living services to the elderly, including independent living and assisted living services, and provides home care services at one of its communities. Its continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or its home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.
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