Assenagon Asset Management S.A. Sells 313,169 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. lowered its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 64.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 174,930 shares of the company's stock after selling 313,169 shares during the period. Assenagon Asset Management S.A. owned about 0.09% of Brookdale Senior Living worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC boosted 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 worth $45,000 after purchasing an additional 6,838 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after buying an additional 9,707 shares in the last quarter. Crestline Management LP bought a new position in shares of Brookdale Senior Living during the fourth quarter worth $64,000. Freestone Grove Partners LP bought a new position in shares of Brookdale Senior Living during the fourth quarter worth $65,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Brookdale Senior Living during the fourth quarter valued at $80,000.

Analyst Ratings Changes

Several analysts have commented on BKD shares. Royal Bank Of Canada boosted their price target on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Macquarie reiterated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Finally, Barclays raised their price target 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock traded up $0.07 during trading hours on Thursday, reaching $6.85. The company's stock had a trading volume of 5,202,008 shares, compared to its average volume of 2,507,616. The firm has a 50 day moving average price of $6.54 and a 200-day moving average price of $5.77. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $8.12. The company has a debt-to-equity ratio of 28.85, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $1.60 billion, a P/E ratio of -6.58 and a beta of 0.81.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting 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%. On average, analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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.