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.
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.
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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.
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