Wolverine Asset Management LLC Invests $1.07 Million in Brookdale Senior Living Inc. (NYSE:BKD)

Key Points

• Wolverine Asset Management LLC acquired 170,794 shares of Brookdale Senior Living Inc. for around $1,069,000, marking a new stake in the company.
• Analysts have mixed views on Brookdale Senior Living, with ratings including one sell, two holds, and three buys, while the average price target stands at $7.80.
• Brookdale Senior Living reported a loss, with an earnings per share of ($0.18), missing estimates and indicating a challenging financial quarter.

Wolverine Asset Management LLC purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 170,794 shares of the company's stock, valued at approximately $1,069,000. Wolverine Asset Management LLC owned 0.07% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Brookdale Senior Living by 8.7% in the 1st quarter. Deutsche Bank AG now owns 3,987,153 shares of the company's stock worth $24,960,000 after purchasing an additional 318,463 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Brookdale Senior Living by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,027,870 shares of the company's stock worth $18,954,000 after purchasing an additional 9,973 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $47,000. GSA Capital Partners LLP acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $832,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brookdale Senior Living by 15.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,820 shares of the company's stock worth $374,000 after purchasing an additional 8,189 shares during the period.

Brookdale Senior Living Stock Up 0.4%

Shares of NYSE BKD traded up $0.03 during mid-day trading on Monday, reaching $7.24. 2,956,213 shares of the company's stock traded hands, compared to its average volume of 2,578,635. The stock has a market cap of $1.70 billion, a P/E ratio of -6.89 and a beta of 0.87. The business has a 50-day simple moving average of $7.22 and a 200 day simple moving average of $6.37. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.01. The company has a debt-to-equity ratio of 28.85, a current ratio of 0.82 and a quick ratio of 0.82.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The business had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 93.47%. On average, analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday. Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.80.

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.