Capital Senior Living Corporation (CSU) Downgraded to Sell at BidaskClub

Capital Senior Living Corporation (NYSE:CSU) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday, July 19th.

Separately, Zacks Investment Research raised shares of Capital Senior Living Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.33.

Capital Senior Living Corporation (CSU) opened at 12.62 on Wednesday. Capital Senior Living Corporation has a 12 month low of $12.50 and a 12 month high of $18.48. The stock’s market capitalization is $372.01 million. The stock’s 50 day moving average is $14.97 and its 200-day moving average is $14.93.

Capital Senior Living Corporation (NYSE:CSU) last announced its earnings results on Tuesday, August 1st. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. Capital Senior Living Corporation had a negative net margin of 10.28% and a negative return on equity of 6.73%. The firm had revenue of $116.70 million for the quarter, compared to the consensus estimate of $117.22 million. During the same period in the prior year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Capital Senior Living Corporation will post ($1.51) earnings per share for the current year.

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In other news, VP Joseph G. Solari sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $15.97, for a total value of $47,910.00. Following the completion of the transaction, the vice president now owns 43,364 shares in the company, valued at approximately $692,523.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Capital Senior Living Corporation by 7.6% in the fourth quarter. State Street Corp now owns 588,250 shares of the company’s stock valued at $9,441,000 after buying an additional 41,795 shares during the last quarter. FMR LLC boosted its position in shares of Capital Senior Living Corporation by 7.8% in the fourth quarter. FMR LLC now owns 1,510,830 shares of the company’s stock valued at $24,249,000 after buying an additional 109,200 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Capital Senior Living Corporation by 54.8% in the first quarter. Nuveen Asset Management LLC now owns 390,841 shares of the company’s stock valued at $5,495,000 after buying an additional 138,437 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of Capital Senior Living Corporation by 2.5% in the first quarter. OppenheimerFunds Inc. now owns 23,152 shares of the company’s stock valued at $326,000 after buying an additional 555 shares during the last quarter. Finally, KRV Capital LP bought a new position in shares of Capital Senior Living Corporation during the first quarter valued at about $2,840,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

About Capital Senior Living Corporation

Capital Senior Living Corporation is an operator of senior housing communities in the United States. The Company provides senior living services to the elderly, including independent living and assisted living services, and provides home care services at one of its communities. Its continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or its home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.

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