Anson Funds Management LP Acquires 358,880 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Anson Funds Management LP increased its stake in Brookdale Senior Living Inc. by 199.4%, acquiring a total of 538,880 shares valued at approximately $3.37 million during the first quarter.
• Analysts have set a consensus price target of $7.80 for Brookdale Senior Living, with varying ratings, including three Buy ratings and one Sell rating.
• Despite the growth in holdings, Brookdale Senior Living reported a loss of ($0.18) earnings per share in its latest earnings results, missing expectations of ($0.14).

Anson Funds Management LP lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 199.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,880 shares of the company's stock after acquiring an additional 358,880 shares during the quarter. Anson Funds Management LP owned approximately 0.23% of Brookdale Senior Living worth $3,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BKD. GAMMA Investing LLC boosted its holdings in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after acquiring an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $47,000. Lazard Asset Management LLC boosted its holdings 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 worth $49,000 after acquiring an additional 9,707 shares in the last quarter. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $61,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Brookdale Senior Living during the 4th quarter worth $80,000.

Brookdale Senior Living Stock Down 1.5%

BKD stock traded down $0.12 during trading hours on Tuesday, reaching $7.38. 887,805 shares of the stock were exchanged, compared to its average volume of 2,881,578. The firm's 50-day moving average is $7.58 and its 200-day moving average is $6.79. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -7.02 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 Inc. has a 12 month low of $4.45 and a 12 month high of $8.29.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Finally, Barclays set a $8.00 price target on Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.80.

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.