|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Gabelli Increases Holdings in Struggling Gentiva Health Services
Posted by: Monica Wolfe (IP Logged)
Date: June 21, 2013 05:26PM
Mario Gabelli increased his holdings in Gentiva Health Services (GTIV) by 8.96% on June 13. Gabelli purchased a total of 73,400 shares at an average price of $11.50 per share. Since this transaction, the price per share has decreased approximately 10% and is currently trading around $10.39 per share. Gabelli now owns 892,300 shares of Gentiva, representing approximately 3.1% of the company’s shares outstanding. Gabelli’s holding history of Gentiva as of March 31:
About Gentiva Health Services
Gentiva Health Services is the nation’s largest provider of home health and hospice services based on revenue, delivering innovative, high-quality care to patients across the U.S. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services.
The company’s first quarter financial statement reports:
· Total net revenues of $415.6 million, a 5% decrease from the first quarter 2012.
· Net loss attributable to Gentiva shareholders of $207.2 million, or $6.73 per share, compared to the net income of $4.8 million, or $0.16 per share, during the first quarter of 2012.
· The adjusted EBITDA was $39.1 million compared to $41.9 million in the same quarter 2012.
CEO Tony Strange said about the company’s results, “I am very pleased with our overall results this quarter, which met our expectations despite a continued challenging reimbursement and regulatory environment.”
Despite the CEO’s optimism, analysts reviewing Gentiva have downgraded the company to underperform based on their lackluster first quarter performance.
Gentiva’s historical price, revenue and net income:
The analysis on Gentiva reports:
· The revenue has been in decline over the past year.
· The price is nearing a 1-year high of $12.58.
· The company’s asset growth is faster than its revenue growth.
Gentiva Health Services has a market cap of $351.4 million; its shares were traded at around $10.39 with a P/E ratio of 11.50 and a P/S ratio of 0.20.
There are five gurus that hold stake in GTIV. Click here to see the holding histories of these gurus.
You can view a complete list of real-time guru transactions here.
Guru Discussed: Mario Gabelli: Current Portfolio, Stock Picks
Stocks Discussed: GTIV,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.