Nuveen LLC Buys Shares of 2,090,715 Brookdale Senior Living Inc. $BKD

Key Points

• Nuveen LLC has acquired a significant position in Brookdale Senior Living, purchasing 2,090,715 shares valued at approximately $13.1 million, representing 0.89% of the company's total shares.
• Brookdale Senior Living reported a net loss of ($0.18) EPS for the last quarter, falling short of analysts' expectations, and a revenue of $812.94 million, which also missed estimates.
• Analysts have given Brookdale Senior Living a mixed outlook, with a consensus rating of "Hold" and an average price target of $7.80.

Nuveen LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,090,715 shares of the company's stock, valued at approximately $13,088,000. Nuveen LLC owned 0.89% of Brookdale Senior Living as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKD. GAMMA Investing LLC grew its holdings 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 worth $45,000 after acquiring an additional 6,838 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Brookdale Senior Living in the first quarter valued at approximately $47,000. Lazard Asset Management LLC grew its holdings in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $64,000. Finally, Freestone Grove Partners LP acquired a new stake in Brookdale Senior Living in the fourth quarter valued at approximately $65,000.

Brookdale Senior Living Trading Up 1.6%

NYSE BKD traded up $0.13 on Wednesday, reaching $7.86. 1,739,504 shares of the company were exchanged, compared to its average volume of 2,965,233. The business's fifty day moving average price is $7.38 and its 200 day moving average price is $6.57. The stock has a market capitalization of $1.84 billion, a P/E ratio of -7.48 and a beta of 0.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The company had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. Analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an "equal weight" rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of "Hold" and a consensus price target of $7.80.

Brookdale Senior Living 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.