Anson Funds Management LP Raises Stake in Brookdale Senior Living Inc. $BKD

Key Points

• Anson Funds Management LP increased its stake in Brookdale Senior Living Inc. by 199.4%, owning a total of 538,880 shares valued at approximately $3.37 million after acquiring additional shares in the first quarter.
• Multiple analysts have recently changed their ratings on Brookdale Senior Living, with Barclays setting a price target of $8.00 and Royal Bank Of Canada issuing a $9.00 target price, amidst a consensus average rating of "Hold".
• Brookdale Senior Living's stock rose by 5.4%, trading at $7.72, despite reporting a loss of ($0.18) EPS for the last quarter, which missed analysts' expectations.

Anson Funds Management LP grew its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 199.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 538,880 shares of the company's stock after buying an additional 358,880 shares during the period. Anson Funds Management LP owned 0.23% of Brookdale Senior Living worth $3,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKD. Allspring Global Investments Holdings LLC increased its position in Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock valued at $4,718,000 after acquiring an additional 428,802 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Brookdale Senior Living by 180.4% during the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock worth $1,048,000 after purchasing an additional 107,679 shares during the period. Rhumbline Advisers grew its position in Brookdale Senior Living by 2.2% in the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after buying an additional 5,949 shares during the last quarter. GAMMA Investing LLC increased its stake in Brookdale Senior Living by 1,999.4% in the 1st 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Brookdale Senior Living by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company's stock valued at $2,886,000 after buying an additional 79,264 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on BKD. Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.80.

Brookdale Senior Living Stock Up 5.4%

Brookdale Senior Living stock opened at $7.7150 on Friday. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -7.35 and a beta of 0.87. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.01. The stock's fifty day moving average is $7.32 and its two-hundred day moving average is $6.52.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly 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 firm had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. 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.

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