Shares of Five Star Quality Care, Inc. (NYSE:FVE) rose 3.9% during trading on Friday . The company traded as high as $2.41 and last traded at $2.40, with a volume of 78,783 shares changing hands. The stock had previously closed at $2.31.

Separately, Zacks Investment Research raised Five Star Quality Care from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Monday, July 4th.

The stock’s market capitalization is $119.23 million. The firm’s 50-day moving average is $2.14 and its 200 day moving average is $2.31.

Five Star Quality Care (NYSE:FVE) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business earned $344.20 million during the quarter, compared to analyst estimates of $346.61 million. On average, equities research analysts predict that Five Star Quality Care, Inc. will post ($0.18) EPS for the current year.

An institutional investor recently raised its position in Five Star Quality Care stock. Phoenix Investment Adviser LLC boosted its stake in shares of Five Star Quality Care, Inc. (NYSE:FVE) by 52.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 411,790 shares of the company’s stock after buying an additional 142,226 shares during the period. Five Star Quality Care comprises about 1.1% of Phoenix Investment Adviser LLC’s portfolio, making the stock its 13th largest position. Phoenix Investment Adviser LLC owned about 0.84% of Five Star Quality Care worth $1,309,000 as of its most recent filing with the SEC.

Five Star Quality Care, Inc operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents.

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