Chevy Chase Trust Holdings Inc. grew its position in Genesis Healthcare Inc (NYSE:GEN) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,436,848 shares of the company’s stock after acquiring an additional 436,848 shares during the period. Chevy Chase Trust Holdings Inc. owned about 1.48% of Genesis Healthcare worth $2,705,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Genesis Healthcare by 64.0% in the 2nd quarter. SG Americas Securities LLC now owns 50,954 shares of the company’s stock valued at $63,000 after acquiring an additional 19,889 shares during the period. Claraphi Advisory Network LLC bought a new stake in shares of Genesis Healthcare during the 2nd quarter worth about $75,000. Jane Street Group LLC bought a new stake in shares of Genesis Healthcare during the 2nd quarter worth about $83,000. Aptus Capital Advisors LLC bought a new stake in shares of Genesis Healthcare during the 2nd quarter worth about $145,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Genesis Healthcare by 51.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 202,172 shares of the company’s stock worth $251,000 after buying an additional 68,619 shares during the period. 19.83% of the stock is owned by institutional investors.
Separately, ValuEngine downgraded shares of Genesis Healthcare from a “sell” rating to a “strong sell” rating in a report on Thursday, November 28th.
Genesis Healthcare (NYSE:GEN) last announced its earnings results on Thursday, November 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.49. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities research analysts anticipate that Genesis Healthcare Inc will post -0.4 earnings per share for the current fiscal year.
Genesis Healthcare Company Profile
Genesis Healthcare, Inc, together with its subsidiaries, owns and operates skilled nursing facilities and assisted/senior living facilities in the United States. The company operates through three segments: Inpatient Services, Rehabilitation Therapy Services, and All Other Services. It also provides a range of rehabilitation therapy services, including speech-language pathology, physical therapy, occupational therapy, and respiratory therapy.
Featured Article: Why are percentage decliners important?
Want to see what other hedge funds are holding GEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genesis Healthcare Inc (NYSE:GEN).
Receive News & Ratings for Genesis Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.