Stifel Nicolaus Downgrades Capital Senior Living Corporation to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Capital Senior Living Corporation(NYSE:CSU). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Aug 3, 2016.

Capital Senior Living Corporation (CSU) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.06% at a volume of 2,14,677. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.41. The peak price level was also seen at $16.41 while the days lowest was $16.11. Finally the shares closed at $16.31. The 52-week high of the shares is $24.55 while the 52-week low is $14.58. According to the latest information available, the market cap of the company is $489 M.

Capital Senior Living Corporation(CSU) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $104.72M. Analysts had an estimated revenue of $108.55M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Greg Boemer (Vice President – Operations) sold 3,147 shares at $18.76 per share price.Also, 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.

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