New Senior Investment Group Inc (SNR) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its stake in New Senior Investment Group Inc (NYSE:SNR) by 46.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,234 shares of the real estate investment trust’s stock after selling 10,580 shares during the period. Meeder Asset Management Inc.’s holdings in New Senior Investment Group were worth $67,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in New Senior Investment Group by 5.3% in the fourth quarter. Deutsche Bank AG now owns 157,299 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 7,848 shares during the last quarter. Geode Capital Management LLC grew its holdings in New Senior Investment Group by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 1,014,091 shares of the real estate investment trust’s stock valued at $4,177,000 after purchasing an additional 256,108 shares during the last quarter. Norges Bank acquired a new stake in New Senior Investment Group in the fourth quarter valued at $3,042,000. Millennium Management LLC grew its holdings in New Senior Investment Group by 563.5% in the fourth quarter. Millennium Management LLC now owns 488,266 shares of the real estate investment trust’s stock valued at $2,012,000 after purchasing an additional 414,677 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new stake in New Senior Investment Group in the fourth quarter valued at $1,317,000. Hedge funds and other institutional investors own 65.42% of the company’s stock.

Several research firms have weighed in on SNR. Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Morgan Stanley set a $5.00 target price on New Senior Investment Group and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, ValuEngine lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th.

SNR opened at $5.61 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 6.67. The firm has a market cap of $461.20 million, a P/E ratio of 9.84 and a beta of 1.00. New Senior Investment Group Inc has a 52 week low of $4.04 and a 52 week high of $8.74.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Friday, February 22nd. The real estate investment trust reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $118.47 million for the quarter. New Senior Investment Group had a negative return on equity of 41.28% and a negative net margin of 35.87%. Equities analysts predict that New Senior Investment Group Inc will post 0.53 earnings per share for the current fiscal year.

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New Senior Investment Group Profile

New Senior Investment Group Inc (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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