The stock of Five Star Quality Care, Inc. (NASDAQ:FVE) gapped up by $0.32 today and has $5.13 target or 93.00% above today’s $2.66 share price. The 9 months technical chart setup indicates low risk for the $94.58 million company. The gap was reported on Oct, 4 by Barchart.com. If the $5.13 price target is reached, the company will be worth $87.96 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 39.27% or $0.75 during the last trading session, hitting $2.66. About 2.13M shares traded hands or 2600.27% up from the average. Five Star Quality Care, Inc. (NASDAQ:FVE) has risen 5.56% since March 1, 2016 and is uptrending. It has underperformed by 6.66% the S&P500.
Analysts await Five Star Quality Care, Inc. (NASDAQ:FVE) to report earnings on November, 4. They expect $-0.03 earnings per share, down 50.00% or $0.01 from last year’s $-0.02 per share. After $-0.09 actual earnings per share reported by Five Star Quality Care, Inc. for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.05, from 0.7 in 2016Q1. The ratio dived, as 16 funds sold all Five Star Quality Care, Inc. shares owned while 35 reduced positions. 17 funds bought stakes while 16 increased positions. They now own 21.27 million shares or 17.58% less from 25.81 million shares in 2016Q1.
Shell Asset Management holds 0.01% of its portfolio in Five Star Quality Care, Inc. (NASDAQ:FVE) for 145,489 shares. Moreover, Dimensional Fund Advsr Ltd Partnership has 0% invested in Five Star Quality Care, Inc. (NASDAQ:FVE) for 3.55 million shares. Moreover, California Pub Employees Retirement Systems has 0% invested in Five Star Quality Care, Inc. (NASDAQ:FVE) for 296,600 shares. Rbf Capital Limited Co reported 150,000 shares or 0.07% of all its holdings. Moreover, Blackrock Fund Advsr has 0% invested in Five Star Quality Care, Inc. (NASDAQ:FVE) for 115,574 shares. Blackrock Institutional Tru Na last reported 1.58M shares in the company. Wealthtrust has invested 0% of its portfolio in Five Star Quality Care, Inc. (NASDAQ:FVE). Morgan Stanley last reported 0% of its portfolio in the stock. Portolan Cap Management Ltd Llc has 1.74M shares for 0.59% of their US portfolio. D E Shaw accumulated 508,949 shares or 0% of the stock. Moreover, New York State Common Retirement Fund has 0% invested in Five Star Quality Care, Inc. (NASDAQ:FVE) for 11,800 shares. Blackrock Invest Management Limited Liability has 0% invested in the company for 7,647 shares. Boothbay Fund Mngmt Limited Liability Corporation last reported 0.04% of its portfolio in the stock. Blackrock Japan Ltd last reported 0% of its portfolio in the stock. Connor Clark And Lunn Investment Mgmt last reported 279,850 shares in the company.
More notable recent Five Star Quality Care, Inc. (NASDAQ:FVE) news were published by: Businesswire.com which released: “Five Star Quality Care, Inc. Grants Certain Ownership Limitation Exemptions to …” on October 03, 2016, also Quotes.Wsj.com with their article: “News Five Star Quality Care Inc.FVE” published on February 11, 2011, Businesswire.com published: “Five Star Quality Care, Inc. Announces Second Quarter 2016 Results” on August 04, 2016. More interesting news about Five Star Quality Care, Inc. (NASDAQ:FVE) were released by: Businesswire.com and their article: “Five Star Quality Care, Inc. Announces First Quarter 2016 Results” published on May 04, 2016 as well as Businesswire.com‘s news article titled: “Five Star Quality Care, Inc. First Quarter 2016 Conference Call Scheduled for …” with publication date: April 27, 2016.
FVE Company Profile
Five Star Quality Care, Inc., incorporated on September 17, 2001, operates senior living communities, including independent living communities, assisted living communities and skilled nursing facilities (SNFs). The Firm 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. The Firm operates approximately 270 senior living communities located in over 30 states with approximately 31,420 living units, including over 240 primarily independent and assisted living communities with approximately 28,610 living units and over 30 SNFs with approximately 2,800 living units. The Firm owns and operates approximately 30 communities (approximately 3,210 living units), it leases and operates over 180 communities (approximately 20,010 living units) and manages over 60 communities (approximately 8,190 living units). The Company’s approximately 270 senior living communities include over 10,750 independent living apartments, approximately 15,500 assisted living suites and over 5,160 skilled nursing beds.
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