Capital Senior Living Corporation (CSU) Stake Increased by First Manhattan Co.

First Manhattan Co. boosted its stake in shares of Capital Senior Living Corporation (NYSE:CSU) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,608,460 shares of the company’s stock after buying an additional 127,475 shares during the period. First Manhattan Co. owned 9.01% of Capital Senior Living Corporation worth $39,674,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. bought a new stake in shares of Capital Senior Living Corporation during the first quarter worth approximately $4,948,000. Perceptive Advisors LLC boosted its stake in shares of Capital Senior Living Corporation by 79.6% in the first quarter. Perceptive Advisors LLC now owns 575,173 shares of the company’s stock worth $8,087,000 after buying an additional 255,000 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Capital Senior Living Corporation during the first quarter worth approximately $2,988,000. KRV Capital LP bought a new stake in shares of Capital Senior Living Corporation during the first quarter worth approximately $2,840,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Capital Senior Living Corporation by 54.8% in the first quarter. Nuveen Asset Management LLC now owns 390,841 shares of the company’s stock worth $5,495,000 after buying an additional 138,437 shares during the period. 97.49% of the stock is owned by institutional investors.

Capital Senior Living Corporation (NYSE:CSU) opened at 11.85 on Friday. The firm has a 50-day moving average price of $13.78 and a 200-day moving average price of $14.54. The firm’s market capitalization is $349.58 million. Capital Senior Living Corporation has a 1-year low of $11.74 and a 1-year high of $17.92.

Capital Senior Living Corporation (NYSE:CSU) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. Capital Senior Living Corporation had a negative return on equity of 6.73% and a negative net margin of 10.28%. The firm had revenue of $116.70 million during the quarter, compared to the consensus estimate of $117.22 million. During the same period last year, the business posted ($0.15) EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Capital Senior Living Corporation will post ($1.58) earnings per share for the current fiscal year.

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A number of brokerages recently commented on CSU. BidaskClub cut Capital Senior Living Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus lifted their price objective on Capital Senior Living Corporation from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut Capital Senior Living Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.33.

In other Capital Senior Living Corporation news, VP Joseph G. Solari sold 3,000 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $15.97, for a total transaction of $47,910.00. Following the completion of the sale, the vice president now directly owns 43,364 shares in the company, valued at approximately $692,523.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.10% of the company’s stock.

Capital Senior Living Corporation Company Profile

Capital Senior Living Corporation is an operator of senior housing communities in the United States. The Company provides senior living services to the elderly, including independent living and assisted living services, and provides home care services at one of its communities. Its continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or its home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.

Institutional Ownership by Quarter for Capital Senior Living Corporation (NYSE:CSU)

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