Bank of America Corp DE Has $11.17 Million Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Bank of America Corp DE lowered its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,219,697 shares of the company's stock after selling 540,622 shares during the quarter. Bank of America Corp DE owned approximately 1.11% of Brookdale Senior Living worth $11,165,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd grew its stake in shares of Brookdale Senior Living by 86.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock valued at $38,031,000 after buying an additional 3,507,044 shares in the last quarter. Wellington Management Group LLP grew its position in Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after acquiring an additional 2,089,242 shares in the last quarter. Landmark Investment Partners L.P. acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth $7,374,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of Brookdale Senior Living by 18.2% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 6,792,160 shares of the company's stock worth $34,165,000 after purchasing an additional 1,043,920 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brookdale Senior Living by 247.3% during the 4th quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company's stock valued at $3,571,000 after purchasing an additional 505,569 shares in the last quarter.

Brookdale Senior Living Stock Performance

BKD traded down $0.02 during trading on Thursday, hitting $6.48. The stock had a trading volume of 1,363,977 shares, compared to its average volume of 2,417,729. The firm has a market cap of $1.52 billion, a PE ratio of -7.28 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The company has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $5.64.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted 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 65.92% and a negative net margin of 6.46%. Analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BKD. Barclays upped their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Royal Bank of Canada upped their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Macquarie reissued an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of "Hold" and a consensus target price of $7.70.

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.