Bridgeway Capital Management LLC Sells 545,000 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Bridgeway Capital Management LLC trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 68.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,716 shares of the company's stock after selling 545,000 shares during the quarter. Bridgeway Capital Management LLC owned about 0.12% of Brookdale Senior Living worth $1,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock valued at $49,878,000 after buying an additional 2,089,242 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock valued at $38,031,000 after buying an additional 3,507,044 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Brookdale Senior Living by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company's stock valued at $35,916,000 after buying an additional 164,239 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Brookdale Senior Living by 18.2% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 6,792,160 shares of the company's stock valued at $34,165,000 after buying an additional 1,043,920 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Brookdale Senior Living by 77.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company's stock valued at $18,529,000 after buying an additional 1,609,997 shares in the last quarter.

Brookdale Senior Living Stock Down 2.2%

Shares of NYSE BKD traded down $0.15 during mid-day trading on Wednesday, reaching $6.77. The company had a trading volume of 4,309,260 shares, compared to its average volume of 2,386,894. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $1.59 billion, a PE ratio of -7.61 and a beta of 0.83. The stock's 50 day moving average is $6.15 and its 200-day moving average is $5.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BKD. Macquarie reaffirmed an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Barclays raised their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada upped their target price on Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.70.

About Brookdale Senior Living

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.