Chevy Chase Trust Holdings Inc. Purchases 436,848 Shares of Genesis Healthcare Inc (NYSE:GEN)

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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.

Shares of GEN stock opened at $1.64 on Tuesday. The company has a market capitalization of $276.87 million, a price-to-earnings ratio of -1.06 and a beta of 1.04. The company has a 50-day simple moving average of $1.51 and a 200 day simple moving average of $1.26. Genesis Healthcare Inc has a 52 week low of $0.92 and a 52 week high of $1.74.

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.

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Institutional Ownership by Quarter for Genesis Healthcare (NYSE:GEN)

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