BNP Paribas Financial Markets Trims Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

BNP Paribas Financial Markets trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 30.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,572,298 shares of the company's stock after selling 683,698 shares during the quarter. BNP Paribas Financial Markets owned about 0.79% of Brookdale Senior Living worth $7,909,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in Brookdale Senior Living in the 4th quarter valued at $33,000. Freestone Grove Partners LP purchased a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $65,000. Cibc World Markets Corp acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $90,000. Illumine Investment Management LLC purchased a new position in shares of Brookdale Senior Living during the fourth quarter worth about $101,000. Finally, Optimize Financial Inc acquired a new position in Brookdale Senior Living in the 4th quarter valued at about $113,000.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock traded up $0.06 during midday trading on Thursday, reaching $6.84. The company's stock had a trading volume of 3,052,619 shares, compared to its average volume of 2,389,546. The firm has a market capitalization of $1.60 billion, a PE ratio of -7.69 and a beta of 0.83. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The stock's 50 day simple moving average is $6.15 and its 200 day simple moving average is $5.60. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting 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%. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays upped their price objective on shares of 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, Macquarie reaffirmed an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.70.

Brookdale Senior Living Company Profile

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.