Stock under Close Observation: Genesis Healthcare, Inc. (NYSE: GEN)

16 / 100 SEO Score

On 02 June 2020, Genesis Healthcare, Inc. stock identified change of 63.26% away from 52-week low price and recently located move of -49.08% off 52-week high price. GEN stock has been recorded 17.91% away from 50 day moving average and -25.82% away from 200 day moving average. Moving closer, we can see that shares have been trading 20.92% off 20-day moving average.

Genesis Healthcare, Inc. (GEN) recently reported operating results for the fourth quarter and year ended December 31, 2019.

Fourth Quarter and Fiscal Year End 2019 Results

US GAAP revenue in the fourth quarter and year ended 2019 was $1.14B and $4.57B, respectively;
US GAAP net (loss) income attributable to Genesis Healthcare, Inc. in the fourth quarter and year ended 2019 was $(11.4M) and $14.6M, respectively;
Adjusted EBITDA in the fourth quarter and year ended 2019 was $48.5M and $199.0M, respectively; and
Adjusted EBITDAR in the fourth quarter and year ended 2019 was $146.9M and $586.1M, respectively.

“We are happy to report another solid quarter marked by a fifth consecutive quarter of same-store occupancy growth and an improving reimbursement environment,” stated George V. Hager, Jr., Chief Executive Officer of Genesis.  “These improved metrics, together with a smooth transition to the Patient-Driven Payment Model (PDPM) and continued effective control of operating expenses, served to grow EBITDAR margins 80 basis points this quarter versus the same quarter in 2018.”

“In 2019, our dedicated team made important progress in executing on our planned objectives,” Hager further commented.  “During the year, we sold or divested 44 non-planned assets resulting in over $140M of debt repayment, we invested in two innovative joint ventures that position the Company for future real estate ownership of 34 facilities and we earned over $9M of net income through our LTC ACO’s participation in the Medicare Shared Savings Program.”

Genesis Healthcare, Inc. noticed change of -6.25% to $0.95 along volume of 1622362 shares in recent session compared to an average volume of 807.9K. GEN’s shares are at -43.64% for the quarter and driving a -17.66% return over the course of the past year and is now at -42.26% since this point in 2018. The average volatility for the week at 19.72% and for month was at 15.97%.

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