Wolverine Asset Management LLC purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 170,794 shares of the company's stock, valued at approximately $1,069,000. Wolverine Asset Management LLC owned about 0.07% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Brookdale Senior Living during the 1st quarter worth approximately $47,000. Lazard Asset Management LLC raised its position in shares of Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth approximately $64,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth approximately $65,000.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of "Hold" and an average target price of $7.80.
Read Our Latest Research Report on BKD
Brookdale Senior Living Stock Down 2.0%
Shares of Brookdale Senior Living stock traded down $0.15 during midday trading on Thursday, hitting $7.25. The company's stock had a trading volume of 921,096 shares, compared to its average volume of 2,908,438. The firm has a market capitalization of $1.70 billion, a P/E ratio of -6.91 and a beta of 0.87. The stock has a 50-day simple moving average of $7.24 and a 200-day simple moving average of $6.38. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.01.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. The firm had revenue of $812.94 million for the quarter, compared to analysts' expectations of $817.63 million. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.
About Brookdale Senior Living
(
Free Report)
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.
Further Reading
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