Bank of America Corp DE Trims Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Bank of America Corp DE lowered its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MetLife Investment Management LLC raised its stake in shares of Brookdale Senior Living by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company's stock worth $568,000 after buying an additional 1,953 shares during the period. R Squared Ltd purchased a new stake in Brookdale Senior Living in the 4th quarter worth $33,000. Legal & General Group Plc raised its position in Brookdale Senior Living by 4.7% during the fourth quarter. Legal & General Group Plc now owns 219,560 shares of the company's stock worth $1,104,000 after acquiring an additional 9,851 shares during the period. Swiss National Bank lifted its holdings in Brookdale Senior Living by 2.9% during the fourth quarter. Swiss National Bank now owns 368,439 shares of the company's stock valued at $1,853,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Brookdale Senior Living in the fourth quarter valued at about $65,000.

Brookdale Senior Living Trading Up 3.0%

Brookdale Senior Living stock traded up $0.20 during trading on Tuesday, reaching $6.61. 1,925,116 shares of the company were exchanged, compared to its average volume of 2,417,007. The stock's 50 day simple moving average is $6.27 and its two-hundred day simple moving average is $5.62. The company has a market capitalization of $1.55 billion, a P/E ratio of -7.42 and a beta of 0.83. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

BKD has been the subject of several research reports. Royal Bank of Canada boosted their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Macquarie reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Barclays increased 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 report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of "Hold" and an average price target of $7.70.

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.