Forward Management LLC Invests $2.15 Million in Capital Senior Living Co. (CSU)
Forward Management LLC bought a new stake in shares of Capital Senior Living Co. (NYSE:CSU) during the second quarter, Holdings Channel reports. The institutional investor bought 141,500 shares of the company’s stock, valued at approximately $2,153,000.
Several other hedge funds have also recently bought and sold shares of CSU. Kennedy Capital Management Inc. purchased a new stake in Capital Senior Living during the first quarter valued at $4,948,000. Perceptive Advisors LLC increased its stake in Capital Senior Living by 79.6% in the first quarter. Perceptive Advisors LLC now owns 575,173 shares of the company’s stock valued at $8,087,000 after buying an additional 255,000 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Capital Senior Living during the first quarter valued at $2,988,000. KRV Capital LP purchased a new stake in Capital Senior Living during the first quarter valued at $2,840,000. Finally, Nuveen Asset Management LLC increased its stake in Capital Senior Living by 54.8% in the first quarter. Nuveen Asset Management LLC now owns 390,841 shares of the company’s stock valued at $5,495,000 after buying an additional 138,437 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.
Shares of Capital Senior Living Co. (NYSE:CSU) opened at 12.12 on Friday. The stock’s market capitalization is $357.54 million. The stock has a 50 day moving average price of $14.39 and a 200 day moving average price of $14.76. Capital Senior Living Co. has a 12-month low of $12.04 and a 12-month high of $17.92.
Capital Senior Living (NYSE:CSU) last issued its earnings results on Tuesday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. Capital Senior Living had a negative net margin of 6.71% and a negative return on equity of 33.41%. The firm had revenue of $116.70 million for the quarter, compared to analysts’ expectations of $117.22 million. During the same quarter last year, the company posted ($0.15) earnings per share. Capital Senior Living’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Capital Senior Living Co. will post ($1.58) earnings per share for the current fiscal year.
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CSU has been the subject of several research reports. Zacks Investment Research raised Capital Senior Living from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Friday, May 5th. BidaskClub downgraded Capital Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus boosted their target price on Capital Senior Living from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.33.
In other news, VP Joseph G. Solari sold 3,000 shares of Capital Senior Living stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $15.97, for a total transaction of $47,910.00. Following the sale, the vice president now owns 43,364 shares of the company’s stock, valued at $692,523.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.10% of the company’s stock.
About Capital Senior Living
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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