Allspring Global Investments Holdings LLC Grows Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• Allspring Global Investments increased its stake in Brookdale Senior Living by 17.0%, holding approximately 903,408 shares worth $6.19 million as of its latest SEC filing.
• Several institutional investors, including ANTIPODES PARTNERS Ltd, have also significantly raised their holdings in Brookdale, with ANTIPODES increasing their stake by 81.0% in Q1.
• Analysts currently have a consensus rating of "Hold" on Brookdale Senior Living, with an average target price of $8.33.

Allspring Global Investments Holdings LLC raised its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,408 shares of the company's stock after acquiring an additional 131,313 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.39% of Brookdale Senior Living worth $6,188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd grew its stake in shares of Brookdale Senior Living by 81.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company's stock worth $85,672,000 after acquiring an additional 6,124,238 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Brookdale Senior Living by 8.7% during the 1st quarter. Deutsche Bank AG now owns 3,987,153 shares of the company's stock valued at $24,960,000 after buying an additional 318,463 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brookdale Senior Living by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,027,870 shares of the company's stock valued at $18,954,000 after buying an additional 9,973 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Brookdale Senior Living by 7.7% during the 1st quarter. American Century Companies Inc. now owns 2,234,645 shares of the company's stock valued at $13,989,000 after buying an additional 159,098 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Brookdale Senior Living by 67.7% during the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company's stock valued at $13,591,000 after purchasing an additional 876,222 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BKD. Barclays set a $8.00 target price on Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada reissued an "outperform" rating and set 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 report on Saturday, August 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.33.

Brookdale Senior Living Trading Up 0.3%

Brookdale Senior Living stock opened at $8.69 on Monday. The stock has a 50-day moving average of $7.91 and a two-hundred day moving average of $7.19. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $9.09. The stock has a market cap of $2.04 billion, a PE ratio of -8.27 and a beta of 0.90.

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 for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The firm had revenue of $812.94 million during 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 107.19%. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

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.

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