Five Star Senior Living (NASDAQ:FVE) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Five Star Senior Living (NASDAQ:FVE) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Five Star Quality Care, Inc. is in the business of leasing and operating senior living facilities, including senior apartments, assisted living facilities, congregate communities and nursing homes. “

NASDAQ:FVE opened at $2.89 on Tuesday. Five Star Senior Living has a 1 year low of $2.79 and a 1 year high of $9.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $91.76 million, a P/E ratio of -5.56 and a beta of 1.03. The stock has a 50-day simple moving average of $3.25 and a 200-day simple moving average of $4.14.

Five Star Senior Living (NASDAQ:FVE) last posted its earnings results on Wednesday, November 3rd. The company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.04). The firm had revenue of $225.83 million during the quarter, compared to analysts’ expectations of $197.95 million. Five Star Senior Living had a negative net margin of 1.57% and a negative return on equity of 4.25%. On average, equities research analysts predict that Five Star Senior Living will post -0.49 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Five Star Senior Living by 57.0% during the 2nd quarter. Royal Bank of Canada now owns 8,092 shares of the company’s stock worth $47,000 after buying an additional 2,939 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Five Star Senior Living in the 3rd quarter worth approximately $61,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Five Star Senior Living by 61.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,400 shares of the company’s stock worth $100,000 after acquiring an additional 6,626 shares during the period. Squarepoint Ops LLC acquired a new stake in Five Star Senior Living during the 2nd quarter valued at $120,000. Finally, Jump Financial LLC acquired a new stake in Five Star Senior Living during the 2nd quarter valued at $137,000. 34.10% of the stock is owned by institutional investors and hedge funds.

About Five Star Senior Living

Five Star Senior Living, Inc engages in the senior living operations. It operates through the following segments: Senior Living Communities & Rehabilitation and Wellness. The Senior Living Communities segment owns account or manages the account of others independent living communities, assisted living communities, and skilled nursing facilities that are subject to centralized oversight, and provide housing and services to elderly residents.

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