American Century Companies Inc. Grows Stock Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• American Century Companies Inc. increased its stake in Brookdale Senior Living by 7.7%, owning a total of 2,234,645 shares valued at approximately $13.99 million as of the end of the most recent quarter.
• Brookdale Senior Living received mixed ratings from analysts, with three buy ratings, one hold rating, and one sell rating, along with a consensus price target of $7.80.
• The company reported a loss of ($0.18) EPS for the last quarter, falling short of the expected consensus estimate of ($0.14) EPS.

American Century Companies Inc. lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,234,645 shares of the company's stock after purchasing an additional 159,098 shares during the quarter. American Century Companies Inc. owned 0.95% of Brookdale Senior Living worth $13,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. ANTIPODES PARTNERS Ltd raised its position in Brookdale Senior Living by 81.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company's stock worth $85,672,000 after buying an additional 6,124,238 shares during the last quarter. Flat Footed LLC raised its position in Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock worth $57,351,000 after buying an additional 5,235,078 shares during the last quarter. Wellington Management Group LLP raised its position in Brookdale Senior Living by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after buying an additional 2,089,242 shares during the last quarter. Rush Island Management LP raised its position in Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after buying an additional 3,187,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Brookdale Senior Living by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company's stock worth $35,916,000 after buying an additional 164,239 shares during the last quarter.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD traded up $0.07 during midday trading on Friday, hitting $7.71. The company had a trading volume of 2,114,447 shares, compared to its average volume of 2,923,241. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -7.34 and a beta of 0.91. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.01. The company has a fifty day moving average of $7.41 and a two-hundred day moving average of $6.63.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $812.94 million during the quarter, compared to analysts' expectations of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. On average, equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKD shares. Barclays set a $8.00 target price on Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.80.

About Brookdale Senior Living

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.