Cove Street Capital LLC Acquires 526,546 Shares of Capital Senior Living Co. (NYSE:CSU)

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Cove Street Capital LLC lifted its holdings in Capital Senior Living Co. (NYSE:CSU) by 20.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,137,584 shares of the company’s stock after acquiring an additional 526,546 shares during the quarter. Capital Senior Living accounts for about 1.5% of Cove Street Capital LLC’s holdings, making the stock its 24th biggest holding. Cove Street Capital LLC owned approximately 0.10% of Capital Senior Living worth $12,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Capital Senior Living by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,407,322 shares of the company’s stock valued at $13,285,000 after purchasing an additional 138,048 shares during the period. Rhumbline Advisers boosted its holdings in Capital Senior Living by 45.4% in the 4th quarter. Rhumbline Advisers now owns 34,303 shares of the company’s stock valued at $233,000 after purchasing an additional 10,716 shares during the period. Levin Capital Strategies L.P. boosted its holdings in Capital Senior Living by 584.9% in the 4th quarter. Levin Capital Strategies L.P. now owns 137,910 shares of the company’s stock valued at $938,000 after purchasing an additional 117,775 shares during the period. Victory Capital Management Inc. boosted its holdings in Capital Senior Living by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 170,440 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,607 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Capital Senior Living by 8.9% in the 4th quarter. California Public Employees Retirement System now owns 98,609 shares of the company’s stock valued at $671,000 after purchasing an additional 8,057 shares during the period. Hedge funds and other institutional investors own 75.88% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Capital Senior Living from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Tuesday, May 21st. ValuEngine raised shares of Capital Senior Living from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Barclays reaffirmed an “average” rating on shares of Capital Senior Living in a report on Monday, February 18th. BMO Capital Markets reaffirmed an “average” rating and set a $1,300.00 price target on shares of Capital Senior Living in a report on Friday, May 3rd. Finally, Bank of America downgraded shares of Capital Senior Living from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Capital Senior Living has a consensus rating of “Hold” and a consensus price target of $265.90.

Shares of Capital Senior Living stock opened at $4.66 on Wednesday. Capital Senior Living Co. has a 1-year low of $3.48 and a 1-year high of $11.73. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 35.32. The company has a market cap of $143.15 million, a PE ratio of -5.55 and a beta of 0.81.

Capital Senior Living (NYSE:CSU) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.14. Capital Senior Living had a negative net margin of 12.93% and a negative return on equity of 52.78%. The company had revenue of $114.18 million during the quarter, compared to the consensus estimate of $116.14 million. On average, research analysts forecast that Capital Senior Living Co. will post -1.23 earnings per share for the current year.

In related news, VP Gloria Holland sold 9,838 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $3.80, for a total value of $37,384.40. Following the completion of the transaction, the vice president now owns 18,067 shares of the company’s stock, valued at approximately $68,654.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven T. Plochocki acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average cost of $4.05 per share, with a total value of $202,500.00. Following the purchase, the director now owns 69,947 shares in the company, valued at $283,285.35. The disclosure for this purchase can be found here. In the last three months, insiders purchased 215,508 shares of company stock valued at $966,047. 18.60% of the stock is owned by insiders.

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Capital Senior Living Company Profile

Capital Senior Living Corporation develops, owns, operates, and manages senior housing communities in the United States. The company provides senior living services to the elderly, including independent living, assisted living, and memory care services. Its independent living services comprise daily meals, transportation, social and recreational activities, laundry, housekeeping, and 24-hour staffing; and access to health screenings, periodic special services, and dietary and similar programs, as well as exercise and fitness classes.

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Institutional Ownership by Quarter for Capital Senior Living (NYSE:CSU)

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