Zacks Investment Research Downgrades Capital Senior Living Corporation (CSU) to Hold

Capital Senior Living Corporation (NYSE:CSU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Capital Senior Living Corporation is one of the largest providers of senior living services in the United States. The Company currently owns interests in and/or operates 33 communities in 17 states with a capacity of approximately 5,000 residents, including 17 communities in which it owns interests, 15 communities that it manages for third parties. The Company also operates one home health care agency. “

Several other research firms have also commented on CSU. BidaskClub lowered shares of Capital Senior Living Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus lifted their price objective on shares of Capital Senior Living Corporation from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised shares of Capital Senior Living Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Capital Senior Living Corporation presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Capital Senior Living Corporation (CSU) traded up $0.22 during mid-day trading on Monday, hitting $15.62. 333,173 shares of the company were exchanged, compared to its average volume of 278,039. Capital Senior Living Corporation has a 1 year low of $11.60 and a 1 year high of $17.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 11.60.

Capital Senior Living Corporation (NYSE:CSU) last posted its earnings results on Wednesday, November 1st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.12. Capital Senior Living Corporation had a negative net margin of 10.37% and a negative return on equity of 8.97%. The firm had revenue of $117.30 million during the quarter, compared to analyst estimates of $118.18 million. During the same period last year, the firm posted ($0.02) earnings per share. Capital Senior Living Corporation’s revenue for the quarter was up 5.3% compared to the same quarter last year. analysts predict that Capital Senior Living Corporation will post -0.29 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of CSU. American International Group Inc. boosted its stake in Capital Senior Living Corporation by 7.0% during 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. OppenheimerFunds Inc. boosted its stake in Capital Senior Living Corporation by 2.5% during the first quarter. OppenheimerFunds Inc. now owns 23,152 shares of the company’s stock worth $326,000 after buying an additional 555 shares during the period. Teachers Advisors LLC boosted its stake in Capital Senior Living Corporation by 6.3% during the first quarter. Teachers Advisors LLC now owns 89,217 shares of the company’s stock worth $1,254,000 after buying an additional 5,275 shares during the period. California Public Employees Retirement System boosted its stake in Capital Senior Living Corporation by 10.0% during the first quarter. California Public Employees Retirement System now owns 82,400 shares of the company’s stock worth $1,159,000 after buying an additional 7,500 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Capital Senior Living Corporation by 7.8% during the first quarter. Vanguard Group Inc. now owns 1,268,902 shares of the company’s stock worth $17,840,000 after buying an additional 91,892 shares during the period. 97.49% of the stock is owned by institutional investors.

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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