Todays Report: The Five Star Quality Care, Inc. (FVE) Lifted to Hold at Zacks Investment Research

The Five Star Quality Care, Inc. (FVE) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Five Star Quality Care, Inc. (NYSE:FVE) from a strong sell rating to a hold rating in a report published on Monday.

According to Zacks, “Five Star Quality Care, Inc. is in the business of leasing and operating senior living facilities, including senior apartments, assisted living facilities, congregate communities and nursing homes. “

Shares of Five Star Quality Care (NYSE:FVE) opened at 2.54 on Monday. The company’s market cap is $125.78 million. The stock’s 50 day moving average price is $2.14 and its 200 day moving average price is $2.18. Five Star Quality Care has a 1-year low of $1.65 and a 1-year high of $3.98.

Five Star Quality Care (NYSE:FVE) last released its earnings results on Thursday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.06. The company earned $279 million during the quarter, compared to analyst estimates of $278 million. Equities research analysts forecast that Five Star Quality Care will post ($0.36) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Five Star Quality Care during the second quarter worth $103,000. Spark Investment Management LLC acquired a new position in shares of Five Star Quality Care during the first quarter worth $132,000. Alpine Partners VI LLC acquired a new position in shares of Five Star Quality Care during the second quarter worth $132,000. Tower Research Capital LLC TRC acquired a new position in shares of Five Star Quality Care during the second quarter worth $140,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of Five Star Quality Care during the second quarter worth $164,000.

About Five Star Quality Care

Five Star Quality Care, Inc operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Company operates through senior living community segment. In the senior living community segment, it operates for its own account or manages for the account of third parties independent living communities, assisted living communities and SNFs that are subject to centralized oversight and provide housing and services to elderly residents.

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