Beaconlight Capital LLC bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 364,976 shares of the company's stock, valued at approximately $5,872,000. Brookdale Senior Living comprises 2.1% of Beaconlight Capital LLC's holdings, making the stock its 16th largest holding. Beaconlight Capital LLC owned 0.15% of Brookdale Senior Living as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Senator Investment Group LP grew its holdings in Brookdale Senior Living by 16.3% in the 2nd quarter. Senator Investment Group LP now owns 2,859,263 shares of the company's stock valued at $46,006,000 after buying an additional 400,000 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Brookdale Senior Living in the second quarter valued at approximately $192,000. Northwestern Mutual Wealth Management Co. grew its position in Brookdale Senior Living by 86.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,689 shares of the company's stock valued at $43,000 after acquiring an additional 1,244 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Brookdale Senior Living by 9.1% during the second quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company's stock worth $155,000,000 after purchasing an additional 802,736 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Brookdale Senior Living in the 2nd quarter valued at approximately $1,643,000.
Analyst Ratings Changes
BKD has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a "buy" rating and a $22.00 price target for the company. Finally, Barclays lowered their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.
Check Out Our Latest Research Report on Brookdale Senior Living
Brookdale Senior Living Trading Up 0.1%
Shares of BKD opened at $11.73 on Monday. The stock has a market cap of $2.80 billion, a P/E ratio of -20.22, a PEG ratio of 5.67 and a beta of 0.60. The company has a 50-day moving average of $14.15 and a two-hundred day moving average of $14.03. Brookdale Senior Living Inc. has a 12-month low of $7.29 and a 12-month high of $17.09.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.16. The firm had revenue of $718.58 million for the quarter, compared to analysts' expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. As a group, analysts forecast that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.
About Brookdale Senior Living
(
Free Report)
Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.
Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.
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