Axar Capital Management adds Five Star Quality Care (FVE) to its portfolio

Five Star Quality Care (FVE) : Axar Capital Management added new position in Five Star Quality Care during the most recent quarter end. The investment management firm now holds 2,425,000 shares of Five Star Quality Care which is valued at $4,753,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.Five Star Quality Care makes up approximately 17.05% of Axar Capital Management’s portfolio.

Other Hedge Funds, Including , Portolan Capital Management reduced its stake in FVE by selling 535,222 shares or 23.48% in the most recent quarter. The Hedge Fund company now holds 1,744,661 shares of FVE which is valued at $3,419,536. Five Star Quality Care makes up approx 0.46% of Portolan Capital Management’s portfolio.Blackrock Japan Ltd boosted its stake in FVE in the latest quarter, The investment management firm added 2,579 additional shares and now holds a total of 7,428 shares of Five Star Quality Care which is valued at $14,559.First Trust Advisors Lp reduced its stake in FVE by selling 1,294 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 23,236 shares of FVE which is valued at $47,634.Gsa Capital Partners Llp reduced its stake in FVE by selling 89,400 shares or 15.4% in the most recent quarter. The Hedge Fund company now holds 490,936 shares of FVE which is valued at $1,006,419. Five Star Quality Care makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio. Strs Ohio sold out all of its stake in FVE during the most recent quarter. The investment firm sold 229,200 shares of FVE which is valued $559,248.

Five Star Quality Care opened for trading at $2 and hit $2.09 on the upside on Monday, eventually ending the session at $2.08, with a gain of 5.05% or 0.1 points. The heightened volatility saw the trading volume jump to 1,03,509 shares. Company has a market cap of $103 M.

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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