Today’s Market Runner: Is Selling Capital Senior Living Corporation Here a Winning Strategy?

Today's Market Runner: Is Selling Capital Senior Living Corporation Here a Winning Strategy?

The stock of Capital Senior Living Corporation (NYSE:CSU) hit a new 52-week low and has $11.23 target or 12.00% below today’s $12.76 share price. The 9 months bearish chart indicates high risk for the $350.42M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $11.23 price target is reached, the company will be worth $42.05 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.20 million shares traded hands or 265.49% up from the average. Capital Senior Living Corporation (NYSE:CSU) has declined 21.06% since March 31, 2016 and is downtrending. It has underperformed by 23.58% the S&P500.

Capital Senior Living Corporation (NYSE:CSU) Ratings Coverage

Out of 2 analysts covering Capital Senior (NYSE:CSU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Capital Senior has been the topic of 3 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, September 4 by Sidoti. The firm has “Market Outperform” rating by JMP Securities given on Wednesday, August 24.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.65, from 1.65 in 2016Q1. The ratio worsened, as 8 funds sold all Capital Senior Living Corporation shares owned while 37 reduced positions. 10 funds bought stakes while 35 increased positions. They now own 26.63 million shares or 3.65% less from 27.64 million shares in 2016Q1.
The New York-based Tiaa Cref Invest Management Ltd has invested 0% in Capital Senior Living Corporation (NYSE:CSU). Moreover, Janus Cap Management Ltd Com has 0.01% invested in Capital Senior Living Corporation (NYSE:CSU) for 827,100 shares. Levin Capital Strategies Lp holds 289,892 shares or 0.09% of its portfolio. Citigroup holds 8,274 shares or 0% of its portfolio. Balyasny Asset Limited Liability Corporation holds 149,648 shares or 0.02% of its portfolio. Blackrock Fund Advisors holds 0% or 836,247 shares in its portfolio. Goldman Sachs Gp Inc holds 0% or 445,734 shares in its portfolio. Renaissance Technologies Lc accumulated 774,700 shares or 0.03% of the stock. Sei Investments Com accumulated 0% or 4,027 shares. Steinberg Asset Mngmt Ltd Liability Corporation, a New York-based fund reported 294,090 shares. Sentinel Asset Mgmt accumulated 0.36% or 866,800 shares. Swiss National Bank & Trust holds 0% or 46,800 shares in its portfolio. Woodmont Inv Counsel Ltd last reported 0.23% of its portfolio in the stock. New York State Common Retirement Fund accumulated 0% or 29,200 shares. Altrinsic Global Advsrs Ltd Liability owns 256,007 shares or 0.13% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 3 selling transactions for $1.60 million net activity. 1,005 shares were sold by HOLLISTER ROBERT F, worth $18,130 on Friday, May 27. On Thursday, June 9 Boemer Greg sold $59,038 worth of the stock or 3,147 shares. COHEN LAWRENCE A sold $1.53 million worth of stock.

More notable recent Capital Senior Living Corporation (NYSE:CSU) news were published by: Businesswire.com which released: “Capital Senior Living Corporation Reports Third Quarter 2016 Results” on November 01, 2016, also Bloomberg.com with their article: “Capital Senior Living Urged to Seek Sale by Activist Red Alder” published on December 10, 2015, Businesswire.com published: “Capital Senior Living Corporation Announces Release Date for Third Quarter …” on October 18, 2016. More interesting news about Capital Senior Living Corporation (NYSE:CSU) were released by: Businesswire.com and their article: “Capital Senior Living Corporation and Lucus Advisors LLC Reach Agreement” published on March 21, 2016 as well as Businesswire.com‘s news article titled: “Capital Senior Living Corporation to Present at the Stephens 2016 Fall …” with publication date: October 26, 2016.

CSU Company Profile

Capital Senior Living Corporation, incorporated on October 25, 1996, is an operator of senior living communities in the United States in terms of resident capacity. The Firm operates over 12 senior living communities in approximately 20 states with an aggregate capacity of approximately 15,400 residents, including over 70 senior living communities, which the Company owns and over 50 senior living communities the Company leases. The Firm also operates a home care agency. The Firm 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. The Company’s continuum of care integrates independent living and assisted living and is bridged by home care through independent home care agencies or the Company’s home care agency, sustains residents’ autonomy and independence based on their physical and mental abilities.

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