Genesis Healthcare, Inc. (GEN) Stock Price Up 0%
Genesis Healthcare, Inc. (NYSE:GEN)’s share price rose 0% during mid-day trading on Thursday . The stock traded as high as $1.00 and last traded at $0.95. Approximately 907,335 shares changed hands during trading, an increase of 250% from the average daily volume of 259,266 shares. The stock had previously closed at $0.95.
GEN has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $2.00 price objective on shares of Genesis Healthcare in a report on Wednesday, September 13th. ValuEngine downgraded shares of Genesis Healthcare from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th.
The company has a debt-to-equity ratio of -5.49, a quick ratio of 1.26 and a current ratio of 1.26.
A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in Genesis Healthcare by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,432 shares of the company’s stock valued at $184,000 after buying an additional 646 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Genesis Healthcare by 2.6% during the 1st quarter. Alliancebernstein L.P. now owns 83,126 shares of the company’s stock worth $219,000 after purchasing an additional 2,100 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Genesis Healthcare by 6.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 90,612 shares of the company’s stock worth $158,000 after purchasing an additional 5,250 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Genesis Healthcare by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 229,770 shares of the company’s stock worth $607,000 after acquiring an additional 5,451 shares during the period. Finally, Teachers Advisors LLC grew its stake in Genesis Healthcare by 23.2% in the 2nd quarter. Teachers Advisors LLC now owns 62,497 shares of the company’s stock worth $109,000 after acquiring an additional 11,753 shares during the period. 14.84% of the stock is owned by institutional investors.
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Genesis Healthcare Company Profile
Genesis Healthcare, Inc is a holding company that provides post-acute care. The Company operates through three segments: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services.
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