Brookdale Senior Living (NYSE:BKD) Trading 8.8% Higher - Here's What Happened

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) was up 8.8% on Monday . The stock traded as high as $6.24 and last traded at $6.26. Approximately 626,042 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 2,280,142 shares. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

BKD has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, April 10th. Macquarie reaffirmed an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Barclays increased their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Trading Down 1.2 %

The firm has a market cap of $1.25 billion, a P/E ratio of -7.01 and a beta of 0.87. The firm's fifty day moving average is $5.78 and its two-hundred day moving average is $5.56. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million for the quarter, compared to analysts' expectations of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of Brookdale Senior Living by 180.4% in the 1st quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock worth $1,048,000 after acquiring an additional 107,679 shares in the last quarter. Rhumbline Advisers lifted its holdings in Brookdale Senior Living by 2.2% in the first quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after acquiring an additional 5,949 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after acquiring an additional 6,838 shares during the period. Wellington Management Group LLP boosted its holdings in Brookdale Senior Living by 26.7% during the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock valued at $49,878,000 after acquiring an additional 2,089,242 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Brookdale Senior Living by 261.7% in the fourth quarter. Mackenzie Financial Corp now owns 118,885 shares of the company's stock valued at $598,000 after acquiring an additional 86,021 shares in the last quarter.

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.