Capital Senior Living Corp. (CSU) Shares Up 5%
Capital Senior Living Corp. (NYSE:CSU) shares shot up 5% on Friday . The company traded as high as $18.69 and last traded at $18.58, with a volume of 194,675 shares trading hands. The stock had previously closed at $17.69.
Separately, Zacks Investment Research downgraded Capital Senior Living Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday.
The company has a 50-day moving average of $17.95 and a 200 day moving average of $18.21. The firm’s market capitalization is $538.81 million.
Capital Senior Living Corp. (NYSE:CSU) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.11. The business had revenue of $109.20 million for the quarter, compared to the consensus estimate of $108.55 million. During the same quarter in the previous year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Analysts anticipate that Capital Senior Living Corp. will post ($0.42) earnings per share for the current fiscal year.
In related news, CEO Lawrence A. Cohen sold 80,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 913,134 shares of the company’s stock, valued at approximately $17,431,728.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Greg Boemer sold 3,147 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $18.76, for a total value of $59,037.72. Following the transaction, the vice president now directly owns 7,298 shares in the company, valued at $136,910.48. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of CSU. California State Teachers Retirement System increased its position in Capital Senior Living Corp. by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 54,645 shares of the company’s stock worth $1,140,000 after buying an additional 1,000 shares during the period. Sei Investments Co. purchased a new position in Capital Senior Living Corp. during the fourth quarter worth $2,751,000. Morgan Stanley increased its position in Capital Senior Living Corp. by 9.5% in the fourth quarter. Morgan Stanley now owns 177,290 shares of the company’s stock worth $3,698,000 after buying an additional 15,332 shares during the period. Comerica Bank increased its position in Capital Senior Living Corp. by 20.4% in the fourth quarter. Comerica Bank now owns 224,568 shares of the company’s stock worth $4,300,000 after buying an additional 37,993 shares during the period. Finally, Russell Frank Co increased its position in Capital Senior Living Corp. by 2.7% in the fourth quarter. Russell Frank Co now owns 227,131 shares of the company’s stock worth $4,711,000 after buying an additional 6,033 shares during the period.
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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