Zacks Investment Research Upgrades Capital Senior Living Corporation (NYSE:CSU) to “Strong-Buy”

Zacks Investment Research upgraded shares of Capital Senior Living Corporation (NYSE:CSU) from a hold rating to a strong-buy rating in a report published on Thursday, October 26th. They currently have $14.00 price objective on the stock.

According to Zacks, “Capital Senior Living Corporation is one of the largest providers of senior living services in the United States. The Company currently owns interests in and/or operates 33 communities in 17 states with a capacity of approximately 5,000 residents, including 17 communities in which it owns interests, 15 communities that it manages for third parties. The Company also operates one home health care agency. “

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus restated a hold rating and set a $15.00 price objective (up from $13.00) on shares of Capital Senior Living Corporation in a research report on Tuesday, August 8th. BidaskClub cut Capital Senior Living Corporation from a sell rating to a strong sell rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Capital Senior Living Corporation presently has an average rating of Hold and a consensus price target of $16.67.

Capital Senior Living Corporation (NYSE CSU) traded up $0.28 on Thursday, reaching $15.75. The company had a trading volume of 162,100 shares, compared to its average volume of 302,702. Capital Senior Living Corporation has a 12-month low of $11.60 and a 12-month high of $17.89. The company has a debt-to-equity ratio of 11.60, a current ratio of 0.64 and a quick ratio of 0.64.

Capital Senior Living Corporation (NYSE:CSU) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The company had revenue of $117.30 million for the quarter, compared to the consensus estimate of $118.18 million. Capital Senior Living Corporation had a negative return on equity of 8.97% and a negative net margin of 10.37%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS. equities analysts expect that Capital Senior Living Corporation will post -0.29 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Capital Senior Living Corporation by 39.7% in the third quarter. Wells Fargo & Company MN now owns 26,772 shares of the company’s stock valued at $336,000 after buying an additional 7,613 shares during the period. Citadel Advisors LLC lifted its stake in Capital Senior Living Corporation by 165.3% in the third quarter. Citadel Advisors LLC now owns 174,318 shares of the company’s stock valued at $2,188,000 after buying an additional 108,612 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Capital Senior Living Corporation by 54.7% in the third quarter. Russell Investments Group Ltd. now owns 678,691 shares of the company’s stock worth $8,517,000 after acquiring an additional 240,030 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Capital Senior Living Corporation by 49.1% in the third quarter. Sei Investments Co. now owns 17,688 shares of the company’s stock worth $222,000 after acquiring an additional 5,825 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new stake in shares of Capital Senior Living Corporation in the third quarter worth about $250,000. 97.49% of the stock is currently owned by hedge funds and other institutional investors.

Capital Senior Living Corporation Company Profile

Capital Senior Living Corporation is an operator of senior housing communities in the United States. The Company provides senior living services to the elderly, including independent living and assisted living services, and provides home care services at one of its communities. Its continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or its home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.

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