Capital Senior Living Corp. (CSU) Sees Unusually-High Trading Volume
Shares of Capital Senior Living Corp. (NYSE:CSU) saw unusually-high trading volume on Wednesday . Approximately 246,886 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 234,059 shares.The stock last traded at $17.19 and had previously closed at $17.45.
CSU has been the subject of several research reports. Zacks Investment Research upgraded shares of Capital Senior Living Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, August 5th. JMP Securities reduced their target price on shares of Capital Senior Living Corp. from $26.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 24th. Finally, Stifel Nicolaus cut shares of Capital Senior Living Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.
The firm’s market capitalization is $497.58 million. The company has a 50-day moving average price of $17.85 and a 200 day moving average price of $18.15.
Capital Senior Living Corp. (NYSE:CSU) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by $0.17. The business had revenue of $111 million for the quarter, compared to analysts’ expectations of $112.79 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. Capital Senior Living Corp.’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that Capital Senior Living Corp. will post ($0.58) EPS for the current year.
In other news, VP Greg Boemer sold 3,147 shares of the business’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $18.76, for a total transaction of $59,037.72. Following the transaction, the vice president now directly owns 7,298 shares in the company, valued at approximately $136,910.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence A. Cohen sold 80,000 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $19.09, for a total transaction of $1,527,200.00. Following the transaction, the chief executive officer now owns 913,134 shares in the company, valued at $17,431,728.06. The disclosure for this sale can be found here.
Capital Senior Living Corporation is an operator of senior living communities in the United States in terms of resident capacity. The Company operates over 10 senior living communities in approximately 20 states, including over 70 senior living communities, which the Company owns and over 50 senior living communities the Company leases.
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