Genesis Healthcare, Inc. (GEN) Files Form 4 Insider Selling : Stephen Scott Young Sells 1,621 Shares

Genesis Healthcare, Inc. (GEN): Stephen Scott Young , VP and Corporate Controller of Genesis Healthcare, Inc. sold 1,621 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $1.72 per share for a total value of $2,792.17 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 23, 2015, Arnold M Whitman (director 10% owner) purchased 43,200 shares at $4.54 per share price.On Nov 13, 2015, Thomas Divittorio (CFO) purchased 20,000 shares at $4.34 per share price.Also, On Nov 13, 2015, James V Mckeon (director) purchased 10,000 shares at $4.15 per share price.

Shares of Genesis Healthcare Inc (GEN) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -3.75% at $1.54 with 2,67,605 shares getting traded. Post opening the session at $1.65, the shares hit an intraday low of $1.54 and an intraday high of $1.669 and the price vacillated in this range throughout the day. The company has a market cap of $236 M and the number of outstanding shares has been calculated to be 15,35,54,720 shares. The 52-week high of Genesis Healthcare Inc is $8.06 and the 52-week low is $1.42.

Genesis Healthcare Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Genesis Healthcare Inc is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 3 from a previous price target of $5 . The Rating was issued on May 16, 2016.Genesis Healthcare Inc is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 16, 2016.

Genesis Healthcare Inc. formerly Skilled Healthcare Group Inc. is a holding company that provides post-acute care. The Company operates through three segments: long-term care (LTC) which includes the operation of skilled nursing facilities and assisted living facilities; therapy services which includes its integrated and third-party rehabilitation therapy services and hospice and home health services which includes its hospice and home health businesses. As of December 31 2014 it owned or leased 73 skilled nursing facilities and 22 assisted living facilities together comprising 10275 licensed beds. It also leases five skilled nursing facilities in California to an unaffiliated third party operator. As of December 31 2014 it provided hospice and home health services in Arizona Idaho Montana Nevada and New Mexico. It also provided private duty care services.

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