Newtyn Management LLC Boosts Stake in Quality Care Properties Inc. (QCP)
Newtyn Management LLC grew its holdings in Quality Care Properties Inc. (NYSE:QCP) by 66.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500,000 shares of the company’s stock after acquiring an additional 600,000 shares during the quarter. Quality Care Properties accounts for 3.8% of Newtyn Management LLC’s portfolio, making the stock its 11th largest holding. Newtyn Management LLC owned approximately 1.60% of Quality Care Properties worth $23,250,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Quality Care Properties by 0.6% in the second quarter. Vanguard Group Inc. now owns 15,090,321 shares of the company’s stock valued at $276,304,000 after acquiring an additional 93,898 shares during the period. BlackRock Inc. boosted its position in shares of Quality Care Properties by 17.2% in the second quarter. BlackRock Inc. now owns 13,445,890 shares of the company’s stock valued at $246,195,000 after acquiring an additional 1,972,639 shares during the period. Silver Point Capital L.P. boosted its position in shares of Quality Care Properties by 31.6% in the second quarter. Silver Point Capital L.P. now owns 5,091,000 shares of the company’s stock valued at $93,216,000 after acquiring an additional 1,221,000 shares during the period. State Street Corp lifted its position in Quality Care Properties by 16.3% in the second quarter. State Street Corp now owns 4,421,873 shares of the company’s stock worth $80,965,000 after purchasing an additional 619,691 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Quality Care Properties by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 4,122,032 shares of the company’s stock worth $63,768,000 after purchasing an additional 493,678 shares during the period. 94.63% of the stock is owned by institutional investors.
Separately, ValuEngine raised Quality Care Properties from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.
Shares of Quality Care Properties Inc. (NYSE QCP) traded up $0.30 during mid-day trading on Friday, reaching $14.68. The company had a trading volume of 903,150 shares, compared to its average volume of 767,273. Quality Care Properties Inc. has a 52-week low of $13.13 and a 52-week high of $19.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 2.86.
Quality Care Properties Company Profile
Quality Care Properties, Inc is a self-managed and self-administered real estate investment trust. The Company is focused on post-acute/skilled nursing and memory care/assisted living properties. As of June 30, 2016, the Company’s portfolio included 274 post-acute/skilled nursing properties, 62 memory care/assisted living properties, a surgical hospital and a medical office building (MOB) across 30 states of the United States.
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