Phoenix Investment Adviser buys $1,177,890 stake in Five Star Quality Care (FVE)

Five Star Quality Care (FVE) : Phoenix Investment Adviser scooped up 85,210 additional shares in Five Star Quality Care during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 497,000 shares of Five Star Quality Care which is valued at $1,177,890.Five Star Quality Care makes up approximately 1.47% of Phoenix Investment Adviser’s portfolio.

Five Star Quality Care opened for trading at $2.33 and hit $2.51 on the upside on Monday, eventually ending the session at $2.5, with a gain of 5.49% or 0.13 points. The heightened volatility saw the trading volume jump to 1,75,182 shares. Company has a market cap of $124 M.

Other Hedge Funds, Including , Creative Planning reduced its stake in FVE by selling 38,346 shares or 81.33% in the most recent quarter. The Hedge Fund company now holds 8,804 shares of FVE which is valued at $18,576.

Five Star Quality Care Inc. (Five Star) operates senior living communities including independent living communities assisted living communities and skilled nursing facilities (SNFs). As of December 31 2014 the Company operated 258 senior living communities located in 31 states containing 30379 living units including 227 primarily independent and assisted living communities with 27557 living units and 31 SNFs with 2822 living units. As of December 31 2014 the Company owned and operated 31 communities (3061 living units) it leased and operated 181 communities (20040 living units) and it managed 46 communities (7278 living units). Its 258 senior living communities included 10585 independent living apartments 14584 assisted living suites and 5210 skilled nursing units.

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