Genesis Healthcare Inc (NYSE:GEN) shares were up 0% during mid-day trading on Friday . The stock traded as high as $1.81 and last traded at $1.74. Approximately 240,700 shares changed hands during trading, a decline of 66% from the average daily volume of 708,832 shares. The stock had previously closed at $1.74.
Several research analysts have recently issued reports on GEN shares. ValuEngine downgraded shares of Genesis Healthcare from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Stephens reiterated a “hold” rating and set a $2.00 price target on shares of Genesis Healthcare in a report on Monday, March 19th.
The firm has a market capitalization of $253.38, a PE ratio of -0.82 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of -2.98.
Several large investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in Genesis Healthcare in the fourth quarter valued at $184,000. Virtu Financial LLC acquired a new stake in Genesis Healthcare in the fourth quarter valued at $203,000. GSA Capital Partners LLP acquired a new stake in Genesis Healthcare in the third quarter valued at $217,000. Macquarie Group Ltd. acquired a new stake in Genesis Healthcare in the third quarter valued at $508,000. Finally, Renaissance Technologies LLC increased its holdings in Genesis Healthcare by 40.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,194,100 shares of the company’s stock valued at $911,000 after purchasing an additional 346,400 shares during the period. Institutional investors own 18.93% of the company’s stock.
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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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