Genesis Healthcare (GEN) Sees Unusually-High Trading Volume

Shares of Genesis Healthcare Inc (NYSE:GEN) saw unusually-high trading volume on Thursday . Approximately 909,183 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 403,048 shares.The stock last traded at $0.81 and had previously closed at $0.76.

The firm has a market capitalization of $126.70, a P/E ratio of -0.17 and a beta of 1.16. The company has a debt-to-equity ratio of -0.22, a quick ratio of 0.18 and a current ratio of 0.18.

Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in Genesis Healthcare in the 3rd quarter valued at about $508,000. JPMorgan Chase & Co. raised its stake in Genesis Healthcare by 15.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,188,100 shares of the company’s stock valued at $2,067,000 after acquiring an additional 161,931 shares during the period. First Washington CORP raised its stake in Genesis Healthcare by 85.3% in the 3rd quarter. First Washington CORP now owns 3,030,047 shares of the company’s stock valued at $3,515,000 after acquiring an additional 1,394,400 shares during the period. Virtu KCG Holdings LLC bought a new stake in Genesis Healthcare in the 2nd quarter valued at about $134,000. Finally, SG Americas Securities LLC bought a new stake in Genesis Healthcare in the 2nd quarter valued at about $132,000. Institutional investors and hedge funds own 18.64% of the company’s stock.

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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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