Capital Senior Living (CSU) Trading Down 13% on Disappointing Earnings

Capital Senior Living Co. (NYSE:CSU) shares dropped 13% on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $7.88 and last traded at $8.13. Approximately 668,424 shares were traded during trading, an increase of 121% from the average daily volume of 301,976 shares. The stock had previously closed at $9.34.

The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). Capital Senior Living had a negative net margin of 7.29% and a negative return on equity of 24.79%. The firm had revenue of $115.65 million for the quarter, compared to analysts’ expectations of $114.18 million.

CSU has been the topic of a number of analyst reports. JMP Securities set a $11.00 target price on shares of Capital Senior Living and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Stifel Nicolaus lowered their target price on shares of Capital Senior Living from $10.50 to $8.50 and set a “sell” rating on the stock in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of Capital Senior Living from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Bank of America cut shares of Capital Senior Living from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, August 1st. Finally, ValuEngine cut shares of Capital Senior Living from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.00.

A number of hedge funds have recently made changes to their positions in the business. Hodges Capital Management Inc. lifted its stake in Capital Senior Living by 820.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 931,750 shares of the company’s stock worth $9,942,000 after purchasing an additional 830,550 shares in the last quarter. Cove Street Capital LLC lifted its stake in Capital Senior Living by 51.0% in the 2nd quarter. Cove Street Capital LLC now owns 2,210,890 shares of the company’s stock worth $23,590,000 after purchasing an additional 746,845 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in Capital Senior Living in the 2nd quarter worth $6,447,000. Millennium Management LLC lifted its stake in Capital Senior Living by 957.9% in the 1st quarter. Millennium Management LLC now owns 658,078 shares of the company’s stock worth $7,074,000 after purchasing an additional 595,871 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in Capital Senior Living in the 3rd quarter worth $3,987,000. Institutional investors and hedge funds own 83.10% of the company’s stock.

The company has a market capitalization of $291.19 million, a P/E ratio of -28.41 and a beta of 0.91. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 14.22.

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About Capital Senior Living (NYSE:CSU)

Capital Senior Living Corporation owns, operates, develops, and manages senior housing communities in the United States. The company provides senior living services to the elderly, including independent and assisted living, and home 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 ongoing exercise and fitness classes.

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