Brookdale Senior Living Inc. $BKD Holdings Decreased by Bank of America Corp DE

Key Points

• Bank of America reduced its Brookdale Senior Living stake by 27.1% in the first quarter, selling 688,814 shares and retaining 1.85 million shares valued at approximately $25.3 million.
• Several institutional investors increased their positions, including Janus Henderson, California State Teachers Retirement System, Regal Partners and Eversept Partners, whose holdings rose by 387.4%, 24.9%, 32.4% and 851.8%, respectively.
• Brookdale reported quarterly EPS of $0.10, beating the expected loss of $0.06, though revenue of $718.6 million fell short of estimates. Analysts maintain a “Moderate Buy” consensus rating with a $17.40 price target.

Bank of America Corp DE trimmed its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 27.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,852,299 shares of the company's stock after selling 688,814 shares during the period. Bank of America Corp DE owned approximately 0.78% of Brookdale Senior Living worth $25,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in Brookdale Senior Living by 387.4% in the 1st quarter. Janus Henderson Group PLC now owns 511,502 shares of the company's stock valued at $6,998,000 after buying an additional 406,564 shares during the period. Amundi purchased a new stake in Brookdale Senior Living in the 1st quarter worth approximately $152,000. California State Teachers Retirement System boosted its stake in shares of Brookdale Senior Living by 24.9% during the 1st quarter. California State Teachers Retirement System now owns 268,379 shares of the company's stock valued at $3,671,000 after buying an additional 53,487 shares during the period. Regal Partners Ltd boosted its stake in shares of Brookdale Senior Living by 32.4% during the 1st quarter. Regal Partners Ltd now owns 132,403 shares of the company's stock valued at $1,811,000 after buying an additional 32,403 shares during the period. Finally, Eversept Partners LP grew its holdings in shares of Brookdale Senior Living by 851.8% during the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company's stock valued at $48,818,000 after acquiring an additional 3,193,626 shares in the last quarter.

Brookdale Senior Living Price Performance

NYSE BKD opened at $12.26 on Tuesday. Brookdale Senior Living Inc. has a fifty-two week low of $7.11 and a fifty-two week high of $17.09. The stock's 50-day moving average is $14.40 and its two-hundred day moving average is $14.23. The firm has a market cap of $2.93 billion, a P/E ratio of -21.14, a price-to-earnings-growth ratio of 6.12 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.16. The business had revenue of $718.58 million for the quarter, compared to the consensus estimate 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%. On average, equities analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BKD. Compass Point started coverage on Brookdale Senior Living in a research report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective for the company. Zacks Research lowered Brookdale Senior Living from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Barclays cut their price target on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings lowered Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.

Brookdale Senior Living Company Profile

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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