Genesis Healthcare (NYSE:GEN) Shares Up 10.2%

Genesis Healthcare Inc (NYSE:GEN)’s stock price shot up 10.2% during mid-day trading on Monday . The company traded as high as $1.47 and last traded at $1.41, 605,434 shares traded hands during mid-day trading. An increase of 189% from the average session volume of 209,411 shares. The stock had previously closed at $1.28.

The business has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $1.24. The stock has a market capitalization of $210.91 million, a price-to-earnings ratio of -0.85 and a beta of 0.94.

Genesis Healthcare (NYSE:GEN) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted ($0.39) earnings per share. As a group, equities analysts expect that Genesis Healthcare Inc will post -0.46 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Genesis Healthcare in the 2nd quarter valued at about $83,000. Vanguard Group Inc. lifted its stake in shares of Genesis Healthcare by 23.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,926,435 shares of the company’s stock valued at $3,628,000 after purchasing an additional 557,039 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Genesis Healthcare by 42.4% in the 2nd quarter. BlackRock Inc. now owns 4,470,801 shares of the company’s stock valued at $5,543,000 after purchasing an additional 1,332,048 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of Genesis Healthcare in the 2nd quarter valued at about $145,000. Finally, Northern Trust Corp lifted its stake in shares of Genesis Healthcare by 5.8% in the 2nd quarter. Northern Trust Corp now owns 693,681 shares of the company’s stock valued at $861,000 after purchasing an additional 38,188 shares in the last quarter. 20.78% of the stock is currently owned by hedge funds and other institutional investors.

About Genesis Healthcare (NYSE:GEN)

Genesis Healthcare, Inc, together with its subsidiaries, owns and operates skilled nursing facilities and assisted/senior living facilities in the United States. The company operates through three segments: Inpatient Services, Rehabilitation Therapy Services, and All Other Services. It also provides a range of rehabilitation therapy services, including speech-language pathology, physical therapy, occupational therapy, and respiratory therapy.

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