Insider Selling: Genesis Healthcare Inc (GEN) CFO Sells 10,318 Shares of Stock
Genesis Healthcare Inc (NYSE:GEN) CFO Thomas Divittorio sold 10,318 shares of Genesis Healthcare stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1.20, for a total value of $12,381.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE GEN traded down $0.01 during mid-day trading on Friday, hitting $1.28. 600 shares of the stock traded hands, compared to its average volume of 186,555. The firm has a market capitalization of $198.99 million, a PE ratio of -0.82 and a beta of 0.98. Genesis Healthcare Inc has a 52 week low of $1.10 and a 52 week high of $2.86.
Genesis Healthcare (NYSE:GEN) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.10. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, research analysts predict that Genesis Healthcare Inc will post -0.78 EPS for the current year.
A number of large investors have recently made changes to their positions in GEN. Citigroup Inc. raised its stake in Genesis Healthcare by 74.3% during the fourth quarter. Citigroup Inc. now owns 34,936 shares of the company’s stock valued at $41,000 after buying an additional 14,893 shares during the last quarter. SG Americas Securities LLC purchased a new position in Genesis Healthcare during the first quarter valued at $45,000. Mackay Shields LLC purchased a new position in Genesis Healthcare during the fourth quarter valued at $59,000. Rhumbline Advisers raised its stake in Genesis Healthcare by 51.3% during the fourth quarter. Rhumbline Advisers now owns 68,297 shares of the company’s stock valued at $81,000 after buying an additional 23,160 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in Genesis Healthcare by 18.9% during the first quarter. Spark Investment Management LLC now owns 83,000 shares of the company’s stock valued at $119,000 after buying an additional 13,200 shares during the last quarter. Institutional investors and hedge funds own 21.31% of the company’s stock.
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Genesis Healthcare Company Profile
Genesis Healthcare, Inc, together with its subsidiaries, owns and operates skilled nursing facilities and assisted/senior living facilities in the United States. The company operates through three segments: Inpatient Services, Rehabilitation Therapy Services, and All Other Services. It also provides a range of rehabilitation therapy services, including speech-language pathology, physical therapy, occupational therapy, and respiratory therapy.
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