Alyeska Investment Group L.P. Invests $6.84 Million in Brookdale Senior Living Inc. $BKD

Key Points

• Alyeska Investment Group L.P. has bought a new stake in Brookdale Senior Living Inc. (NYSE: BKD), acquiring 1,093,367 shares valued at approximately $6.84 million.
• Other significant institutional investors, such as ANTIPODES PARTNERS Ltd and Flat Footed LLC, have also significantly increased their stakes in Brookdale Senior Living during the recent quarters.
• Brookdale reported a quarterly loss of ($0.18) earnings per share, missing analyst estimates, with revenue of $812.94 million compared to expectations of $817.63 million.

Alyeska Investment Group L.P. acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,093,367 shares of the company's stock, valued at approximately $6,844,000. Alyeska Investment Group L.P. owned about 0.47% of Brookdale Senior Living at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised 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 valued at $45,000 after buying an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living during the 1st quarter valued at about $47,000. Lazard Asset Management LLC raised its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after acquiring an additional 9,707 shares in the last quarter. Crestline Management LP acquired a new stake in Brookdale Senior Living in the 4th quarter worth approximately $64,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Brookdale Senior Living in the 4th quarter worth approximately $80,000.

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded down $0.18 during midday trading on Thursday, hitting $7.46. The company had a trading volume of 2,792,299 shares, compared to its average volume of 2,632,564. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.29. The business's 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $6.75. The stock has a market cap of $1.75 billion, a PE ratio of -7.10 and a beta of 0.91. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. As a group, equities analysts predict 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.