Allspring Global Investments Holdings LLC Has $4.72 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC grew its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 124.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 772,095 shares of the company's stock after purchasing an additional 428,802 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.39% of Brookdale Senior Living worth $4,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BKD. Flat Footed LLC raised its holdings in shares of Brookdale Senior Living by 84.9% during the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock worth $57,351,000 after acquiring an additional 5,235,078 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Brookdale Senior Living by 86.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock worth $38,031,000 after acquiring an additional 3,507,044 shares in the last quarter. Rush Island Management LP raised its holdings in shares of Brookdale Senior Living by 62.3% during the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after acquiring an additional 3,187,294 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Brookdale Senior Living by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after acquiring an additional 2,089,242 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Brookdale Senior Living by 77.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company's stock worth $18,529,000 after acquiring an additional 1,609,997 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BKD. Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Barclays raised their target price on Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of "Hold" and an average price target of $7.70.

Brookdale Senior Living Stock Up 5.9%

NYSE BKD traded up $0.41 during trading on Wednesday, hitting $7.39. 4,847,460 shares of the company traded hands, compared to its average volume of 2,597,603. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The business has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $5.93. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 28.85. The company has a market capitalization of $1.73 billion, a P/E ratio of -7.11 and a beta of 0.83.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. As a group, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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.