Assenagon Asset Management S.A. Raises Stake in Brookdale Senior Living Inc. $BKD

Key Points

• Assenagon Asset Management S.A. significantly increased its stake in Brookdale Senior Living Inc. by 647.2%, acquiring over 1.3 million shares and valuing its holdings at approximately $9 million.
• Brookdale Senior Living reported a loss of $0.18 EPS for the most recent quarter, falling short of the consensus estimate, with revenues of $812.94 million.
• Analysts have rated Brookdale Senior Living with a consensus of "Hold," and suggested a target price of $7.80, highlighting varying views on the stock's performance.

Assenagon Asset Management S.A. lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 647.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,307,068 shares of the company's stock after purchasing an additional 1,132,138 shares during the quarter. Assenagon Asset Management S.A. owned about 0.56% of Brookdale Senior Living worth $9,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after buying an additional 6,838 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Brookdale Senior Living in the 1st quarter worth approximately $47,000. Strs Ohio bought a new position in Brookdale Senior Living in the 1st quarter valued at approximately $61,000. Walleye Capital LLC purchased a new stake in Brookdale Senior Living during the 1st quarter valued at $130,000. Finally, Ameriprise Financial Inc. purchased a new stake in Brookdale Senior Living during the 4th quarter valued at $135,000.

Brookdale Senior Living Trading Up 0.8%

Shares of BKD stock opened at $8.35 on Wednesday. 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 stock has a fifty day simple moving average of $7.61 and a two-hundred day simple moving average of $6.87. The firm has a market capitalization of $1.96 billion, a PE ratio of -7.95 and a beta of 0.91. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.45.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results 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, analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BKD. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, July 9th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.

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