Rubric Capital Management LP Takes Position in Quality Care Properties Inc. (NYSE:QCP)

Rubric Capital Management LP bought a new stake in shares of Quality Care Properties Inc. (NYSE:QCP) during the second quarter, Holdings Channel reports. The institutional investor bought 160,000 shares of the company’s stock, valued at approximately $2,930,000.

A number of other hedge funds have also modified their holdings of QCP. Teacher Retirement System of Texas increased its stake in shares of Quality Care Properties by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 34,581 shares of the company’s stock valued at $633,000 after buying an additional 122 shares during the period. Texas Permanent School Fund increased its stake in Quality Care Properties by 0.8% in the second quarter. Texas Permanent School Fund now owns 68,336 shares of the company’s stock worth $1,251,000 after buying an additional 573 shares during the last quarter. Arizona State Retirement System increased its stake in Quality Care Properties by 1.5% in the second quarter. Arizona State Retirement System now owns 39,500 shares of the company’s stock worth $723,000 after buying an additional 600 shares during the last quarter. Sei Investments Co. increased its stake in Quality Care Properties by 5.4% in the second quarter. Sei Investments Co. now owns 46,622 shares of the company’s stock worth $854,000 after buying an additional 2,370 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC increased its stake in Quality Care Properties by 16.4% in the second quarter. Balasa Dinverno & Foltz LLC now owns 48,794 shares of the company’s stock worth $893,000 after buying an additional 6,886 shares during the last quarter. 93.08% of the stock is currently owned by institutional investors.

Shares of Quality Care Properties Inc. (QCP) opened at 15.62 on Friday. The company has a market cap of $1.46 billion and a P/E ratio of 21.17. Quality Care Properties Inc. has a 1-year low of $11.57 and a 1-year high of $19.99. The firm has a 50-day moving average price of $17.70 and a 200-day moving average price of $17.99.

WARNING: “Rubric Capital Management LP Takes Position in Quality Care Properties Inc. (NYSE:QCP)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://transcriptdaily.com/2017/08/13/rubric-capital-management-lp-takes-position-in-quality-care-properties-inc-nyseqcp.html.

About Quality Care Properties

Quality Care Properties, Inc is a self-managed and self-administered real estate investment trust. The Company is focused on post-acute/skilled nursing and memory care/assisted living properties. As of June 30, 2016, the Company’s portfolio included 274 post-acute/skilled nursing properties, 62 memory care/assisted living properties, a surgical hospital and a medical office building (MOB) across 30 states of the United States.

Want to see what other hedge funds are holding QCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quality Care Properties Inc. (NYSE:QCP).

Institutional Ownership by Quarter for Quality Care Properties (NYSE:QCP)

Receive News & Ratings for Quality Care Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quality Care Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply