Genesis Healthcare (GEN) Trading Up 7.2%

Genesis Healthcare Inc (NYSE:GEN) shares were up 7.2% on Tuesday . The company traded as high as $1.69 and last traded at $1.64. Approximately 796,739 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 705,471 shares. The stock had previously closed at $1.53.

Separately, Stephens reaffirmed a “hold” rating and issued a $2.00 price target on shares of Genesis Healthcare in a research note on Monday.

How to Become a New Pot Stock Millionaire

The company has a debt-to-equity ratio of -0.22, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $233.04, a P/E ratio of -0.27 and a beta of 1.11.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Genesis Healthcare in the 4th quarter worth approximately $184,000. V3 Capital Management L.P. lifted its stake in Genesis Healthcare by 2.0% in the 4th quarter. V3 Capital Management L.P. now owns 2,261,899 shares of the company’s stock worth $1,726,000 after purchasing an additional 44,500 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Genesis Healthcare by 40.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,194,100 shares of the company’s stock worth $911,000 after purchasing an additional 346,400 shares in the last quarter. Virtu Financial LLC purchased a new position in Genesis Healthcare in the 4th quarter worth approximately $203,000. Finally, Prescott Group Capital Management L.L.C. purchased a new position in Genesis Healthcare in the 4th quarter worth approximately $1,726,000. 18.93% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Genesis Healthcare (GEN) Trading Up 7.2%” was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thestockobserver.com/2018/03/20/genesis-healthcare-gen-trading-up-7-2.html.

About Genesis Healthcare

Genesis Healthcare, Inc is a holding company that provides post-acute care. The Company operates through three segments: inpatient services, which includes the operation of skilled nursing facilities and assisted or senior living facilities; rehabilitation therapy services, which includes its integrated and third-party rehabilitation and respiratory therapy services, and all other services.

Receive News & Ratings for Genesis Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply