Capital Senior Living Corporation (CSU) is Downgraded by Stifel to Hold

Capital Senior Living Corporation (CSU) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 3, 2016.

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.

Capital Senior Living Corporation closed down -0.45 points or -2.30% at $19.08 with 1,47,221 shares getting traded on Tusday. Post opening the session at $19.57, the shares hit an intraday low of $18.97 and an intraday high of $19.63 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 9, 2016, Greg Boemer (Vice President – Operations) sold 3,147 shares at $18.76 per share price. According to the SEC, on Jun 9, 2016, Lawrence A Cohen (CEO & Vice Chairman of Board) sold 80,000 shares at $19.11 per share price. On May 27, 2016, Robert F Hollister (Property Controller) sold 1,005 shares at $18.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Capital Senior Living Corporation

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