Portolan Capital Management Lowers stake in Capital Senior Living Corporation (CSU)

Capital Senior Living Corporation (CSU) : Portolan Capital Management reduced its stake in Capital Senior Living Corporation by 11.13% during the most recent quarter end. The investment management company now holds a total of 730,934 shares of Capital Senior Living Corporation which is valued at $11,921,534 after selling 91,572 shares in Capital Senior Living Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Capital Senior Living Corporation makes up approximately 1.60% of Portolan Capital Management’s portfolio.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in CSU during the most recent quarter. The investment firm sold 25,948 shares of CSU which is valued $423,212.Credit Suisse Ag boosted its stake in CSU in the latest quarter, The investment management firm added 14,349 additional shares and now holds a total of 44,825 shares of Capital Senior Living Corporation which is valued at $731,096.Blackrock Institutional Trust Company N.a. reduced its stake in CSU by selling 19,160 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 784,693 shares of CSU which is valued at $12,798,343.Peak6 Investments reduced its stake in CSU by selling 2,806 shares or 10.56% in the most recent quarter. The Hedge Fund company now holds 23,768 shares of CSU which is valued at $387,656. Capital Senior Living Corporation makes up approx 0.02% of Peak6 Investments’s portfolio.

Capital Senior Living Corporation opened for trading at $16.98 and hit $17.32 on the upside on Monday, eventually ending the session at $17.23, with a gain of 1.83% or 0.31 points. The heightened volatility saw the trading volume jump to 86,241 shares. Company has a market cap of $517 M.

On the company’s financial health, Capital Senior Living Corporation reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.06. The company had revenue of $111.00 million for the quarter, compared to analysts expectations of $112.87 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Capital Senior Living Corporation. Capital Senior Living Corporation was Downgraded by Stifel to ” Hold” on Aug 3, 2016.

Capital Senior Living Corporation is the operator of senior living communities in the United States in terms of resident capacity. The Company provides senior living services to the elderly including independent living and assisted living services and also provides home care services at one of its communities. It provides independent living services to seniors who typically do not yet need assistance or support with ADLs but who prefer the physical and psychological comfort of a residential community that offers health care and other services. It offers a range of assisted living care and services including personal care services 24-hour staffing support services and supplemental services. The Company operated approximately 117 senior living communities in over 26 states with an aggregate capacity of approximately 15200 residents including 67 senior living communities which it owned and 50 senior living communities the Company leased. It also operated one home care agency.

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