Five Star Quality Care Inc. (FVE) Stock Price Down 8.3%
Five Star Quality Care Inc. (NYSE:FVE)’s share price fell 8.3% on Tuesday . The company traded as low as $2.15 and last traded at $2.22, with a volume of 354,691 shares changing hands. The stock had previously closed at $2.42.
Separately, Zacks Investment Research upgraded Five Star Quality Care from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd.
The company has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.36. The stock’s market cap is $116.75 million.
Five Star Quality Care (NYSE:FVE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.03. The company earned $344.20 million during the quarter, compared to analysts’ expectations of $346.61 million. Analysts expect that Five Star Quality Care Inc. will post ($0.20) EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP raised its stake in shares of Five Star Quality Care by 1.1% in the fourth quarter. GSA Capital Partners LLP now owns 687,040 shares of the company’s stock worth $2,185,000 after buying an additional 7,600 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Five Star Quality Care by 13.7% in the fourth quarter. Wells Fargo & Company MN now owns 346,495 shares of the company’s stock worth $1,102,000 after buying an additional 41,681 shares during the last quarter. Finally, Phoenix Investment Adviser LLC raised its stake in shares of Five Star Quality Care by 52.8% in the fourth quarter. Phoenix Investment Adviser LLC now owns 411,790 shares of the company’s stock worth $1,309,000 after buying an additional 142,226 shares during the last quarter.
Five Star Quality Care, Inc (Five Star) operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). As of December 31, 2014, the Company operated 258 senior living communities located in 31 states containing 30,379 living units, including 227 primarily independent and assisted living communities with 27,557 living units and 31 SNFs with 2,822 living units.
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