Five Star Quality Care, Inc. (FVE) Rating Increased to Hold at Zacks Investment Research
Five Star Quality Care, Inc. (NYSE:FVE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Five Star Quality Care, Inc. is in the business of leasing and operating senior living facilities, including senior apartments, assisted living facilities, congregate communities and nursing homes. “
Shares of Five Star Quality Care (NYSE:FVE) opened at 2.51 on Monday. Five Star Quality Care has a 52 week low of $1.65 and a 52 week high of $3.98. The firm’s 50-day moving average price is $2.12 and its 200 day moving average price is $2.17. The company’s market capitalization is $124.30 million.
Five Star Quality Care (NYSE:FVE) last posted its earnings results on Thursday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.06. The firm had revenue of $279 million for the quarter, compared to analyst estimates of $278 million. Equities analysts predict that Five Star Quality Care will post ($0.36) EPS for the current year.
Large investors have recently bought and sold shares of the company. Boston Partners purchased a new stake in Five Star Quality Care during the second quarter valued at about $1,001,000. Acadian Asset Management LLC raised its stake in Five Star Quality Care by 23.2% in the second quarter. Acadian Asset Management LLC now owns 1,725,649 shares of the company’s stock valued at $4,037,000 after buying an additional 324,509 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Five Star Quality Care during the second quarter valued at about $500,000. Paloma Partners Management Co purchased a new stake in Five Star Quality Care during the second quarter valued at about $364,000. Finally, Oxford Asset Management purchased a new stake in Five Star Quality Care during the second quarter valued at about $360,000.
About Five Star Quality Care
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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