increased his holdings in Gentiva Health Services (
) 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
� 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
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:
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
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
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