BlackRock Inc. raised its holdings in shares of Capital Senior Living Co. (NYSE:CSU) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,365,854 shares of the company’s stock after purchasing an additional 122,133 shares during the quarter. BlackRock Inc. owned 7.56% of Capital Senior Living worth $16,089,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Capital Senior Living during the 4th quarter valued at $45,000. Virtu Financial LLC acquired a new position in shares of Capital Senior Living during the 4th quarter valued at $76,000. Rhumbline Advisers increased its position in shares of Capital Senior Living by 45.4% during the 4th quarter. Rhumbline Advisers now owns 34,303 shares of the company’s stock valued at $233,000 after purchasing an additional 10,716 shares during the period. Wells Fargo & Company MN increased its position in shares of Capital Senior Living by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 48,381 shares of the company’s stock valued at $457,000 after purchasing an additional 5,527 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Capital Senior Living by 8.9% during the 4th quarter. California Public Employees Retirement System now owns 98,609 shares of the company’s stock valued at $671,000 after purchasing an additional 8,057 shares during the period. Hedge funds and other institutional investors own 77.78% of the company’s stock.
Shares of Capital Senior Living stock traded down $0.10 during midday trading on Thursday, hitting $4.23. The company’s stock had a trading volume of 135,939 shares, compared to its average volume of 259,647. The stock has a market cap of $131.95 million, a PE ratio of -5.04 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 28.50. Capital Senior Living Co. has a 1-year low of $3.82 and a 1-year high of $11.73.
A number of brokerages recently issued reports on CSU. Zacks Investment Research upgraded Capital Senior Living from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Monday, January 21st. Barclays restated an “average” rating on shares of Capital Senior Living in a report on Monday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $266.30.
In other Capital Senior Living news, CEO Kimberly Herman acquired 10,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $39,500.00. Following the completion of the purchase, the chief executive officer now owns 482,673 shares of the company’s stock, valued at approximately $1,906,558.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E. Rodney Hornbake acquired 10,400 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average price of $4.82 per share, for a total transaction of $50,128.00. Following the completion of the purchase, the director now directly owns 47,225 shares of the company’s stock, valued at approximately $227,624.50. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 29,426 shares of company stock valued at $125,806. Insiders own 18.60% of the company’s stock.
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Capital Senior Living Profile
Capital Senior Living Corporation develops, owns, operates, and manages senior housing communities in the United States. The company provides senior living services to the elderly, including independent living, assisted living, and memory care services. Its independent living services comprise daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing; and access to health screenings, periodic special services, and dietary and similar programs, as well as exercise and fitness classes.
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