Assenagon Asset Management S.A. Has $1.10 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. reduced its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 64.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 0.09% of Brookdale Senior Living worth $1,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKD. GAMMA Investing LLC lifted its position in Brookdale Senior Living by 1,999.4% during 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 during the last quarter. Lazard Asset Management LLC increased its stake 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 purchasing an additional 9,707 shares during the period. Crestline Management LP acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth about $64,000. Freestone Grove Partners LP acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth about $65,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in Brookdale Senior Living during the 4th quarter valued at approximately $80,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on BKD. Macquarie reaffirmed an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Royal Bank Of Canada boosted their target price on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Barclays upped their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living has a consensus rating of "Hold" and an average target price of $7.70.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock traded down $0.02 during trading hours on Friday, hitting $6.83. The stock had a trading volume of 6,616,177 shares, compared to its average volume of 2,530,199. The company has a 50-day moving average of $6.58 and a two-hundred day moving average of $5.79. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 28.85. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The company has a market cap of $1.60 billion, a PE ratio of -6.56 and a beta of 0.81.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal 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.