255,110 Shares in Brookdale Senior Living Inc. $BKD Bought by Nierenberg Investment Management Company LLC

Key Points

• Nierenberg Investment Management acquired 255,110 Brookdale Senior Living shares, valued at approximately $4.1 billion, making BKD about 2% of its portfolio and its 12th-largest holding.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $17.40 price target, despite Barclays reducing its target to $17.00.
• Brookdale reported quarterly EPS of $0.10, beating the expected loss of $0.06, though revenue of $718.6 million came in below estimates and the company continued to post negative margins.

Nierenberg Investment Management Company LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 255,110 shares of the company's stock, valued at approximately $4,104,720,000. Brookdale Senior Living makes up about 2.0% of Nierenberg Investment Management Company LLC's holdings, making the stock its 12th largest holding. Nierenberg Investment Management Company LLC owned about 0.11% of Brookdale Senior Living as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BKD. Caitong International Asset Management Co. Ltd lifted its position in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after acquiring an additional 2,675 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $66,000. Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter worth approximately $70,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living in the third quarter worth approximately $59,000. Finally, KBC Group NV bought a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BKD shares. Barclays cut their target price on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings lowered Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, May 27th. Finally, Compass Point started coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a "buy" rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $12.11 on Thursday. Brookdale Senior Living Inc. has a 52 week low of $7.11 and a 52 week high of $17.09. The firm has a 50-day moving average price of $14.37 and a two-hundred day moving average price of $14.21. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -20.87, a price-to-earnings-growth ratio of 5.92 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.16. The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. As a group, sell-side analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.

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