Engineers Gate Manager LP Increases Position in Quality Care Properties Inc (NYSE:QCP)

Engineers Gate Manager LP lifted its position in shares of Quality Care Properties Inc (NYSE:QCP) by 598.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,587 shares of the company’s stock after purchasing an additional 64,768 shares during the quarter. Engineers Gate Manager LP owned 0.08% of Quality Care Properties worth $1,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its stake in shares of Quality Care Properties by 5.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 79,043 shares of the company’s stock worth $1,092,000 after purchasing an additional 4,208 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Quality Care Properties during the 4th quarter worth about $282,000. Strs Ohio increased its stake in shares of Quality Care Properties by 2.8% during the 4th quarter. Strs Ohio now owns 149,961 shares of the company’s stock worth $2,070,000 after purchasing an additional 4,078 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Quality Care Properties by 13.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,312,673 shares of the company’s stock worth $18,129,000 after purchasing an additional 152,398 shares during the last quarter. Finally, KAMES CAPITAL plc increased its stake in shares of Quality Care Properties by 39.6% during the 4th quarter. KAMES CAPITAL plc now owns 78,359 shares of the company’s stock worth $1,081,000 after purchasing an additional 22,233 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered shares of Quality Care Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Shares of Quality Care Properties Inc (NYSE QCP) traded up $0.21 on Friday, reaching $12.94. 263,580 shares of the company were exchanged, compared to its average volume of 740,071. Quality Care Properties Inc has a twelve month low of $12.25 and a twelve month high of $19.99. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.63.

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Quality Care Properties Company Profile

Quality Care Properties, Inc is a self-managed and self-administered real estate investment trust. The Company is focused on post-acute/skilled nursing and memory care/assisted living properties. As of June 30, 2016, the Company’s portfolio included 274 post-acute/skilled nursing properties, 62 memory care/assisted living properties, a surgical hospital and a medical office building (MOB) across 30 states of the United States.

Institutional Ownership by Quarter for Quality Care Properties (NYSE:QCP)

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