Shares of Genesis Healthcare Inc (NYSE:GEN) rose 6.6% during mid-day trading on Friday . The company traded as high as $0.86 and last traded at $0.81. Approximately 909,100 shares traded hands during trading, an increase of 126% from the average daily volume of 403,038 shares. The stock had previously closed at $0.76.
The firm has a market capitalization of $126.70, a price-to-earnings ratio of -0.17 and a beta of 1.16. The company has a debt-to-equity ratio of -0.22, a current ratio of 0.18 and a quick ratio of 0.18.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Washington CORP raised its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Genesis Healthcare by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,564,379 shares of the company’s stock valued at $1,800,000 after acquiring an additional 376,279 shares in the last quarter. State Street Corp raised its holdings in shares of Genesis Healthcare by 3.6% in the 2nd quarter. State Street Corp now owns 778,728 shares of the company’s stock valued at $1,355,000 after acquiring an additional 26,825 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Genesis Healthcare by 9.8% in the 2nd quarter. Northern Trust Corp now owns 517,110 shares of the company’s stock valued at $900,000 after acquiring an additional 46,333 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Genesis Healthcare in the 3rd quarter valued at about $508,000. 18.64% of the stock is currently owned by institutional investors and hedge funds.
Genesis Healthcare Company Profile
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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