Capital Senior Living Corporation (NYSE:CSU) Cut to Strong Sell at BidaskClub

BidaskClub lowered shares of Capital Senior Living Corporation (NYSE:CSU) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday, August 1st.

Separately, Zacks Investment Research downgraded Capital Senior Living Corporation from a buy rating to a hold rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Capital Senior Living Corporation has an average rating of Hold and a consensus target price of $17.33.

Shares of Capital Senior Living Corporation (NYSE CSU) traded up 0.17% on Tuesday, reaching $11.85. 452,393 shares of the company traded hands. Capital Senior Living Corporation has a 52-week low of $11.74 and a 52-week high of $17.92. The firm has a 50-day moving average of $13.78 and a 200-day moving average of $14.54. The company’s market capitalization is $349.58 million.

Capital Senior Living Corporation (NYSE:CSU) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. The firm had revenue of $116.70 million during the quarter, compared to the consensus estimate of $117.22 million. Capital Senior Living Corporation had a negative return on equity of 6.73% and a negative net margin of 10.28%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) EPS. On average, equities research analysts forecast that Capital Senior Living Corporation will post ($1.58) earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. raised 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 worth $326,000 after buying an additional 555 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Capital Senior Living Corporation by 12.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,889 shares of the company’s stock worth $120,000 after buying an additional 886 shares during the period. American International Group Inc. raised its stake in Capital Senior Living Corporation by 7.0% in the first quarter. American International Group Inc. now owns 17,313 shares of the company’s stock worth $243,000 after buying an additional 1,135 shares during the period. Sei Investments Co. raised its stake in Capital Senior Living Corporation by 24.4% in the first quarter. Sei Investments Co. now owns 8,428 shares of the company’s stock worth $118,000 after buying an additional 1,654 shares during the period. Finally, Voya Investment Management LLC raised its stake in Capital Senior Living Corporation by 14.8% in the second quarter. Voya Investment Management LLC now owns 14,764 shares of the company’s stock worth $225,000 after buying an additional 1,906 shares during the period. 97.49% of the stock is currently owned by institutional investors and hedge funds.

Capital Senior Living Corporation Company Profile

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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