Brookdale Senior Living Inc. $BKD Position Raised by Maple Rock Capital Partners Inc.

Key Points

• Maple Rock Capital Partners increased its Brookdale Senior Living stake by 9.0% in the second quarter, buying 731,000 additional shares. The fund now owns 8.89 million shares, or about 3.72% of BKD, valued at roughly $143 million.
• Brookdale reported quarterly EPS of $0.10, exceeding the $0.06 loss analysts expected, though revenue of $718.6 million fell short of the $735.6 million consensus estimate. The company continues to report negative net margin and return on equity.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and a $17.40 average price target, despite Barclays lowering its target to $17 and Weiss Ratings maintaining a sell rating.

Maple Rock Capital Partners Inc. grew its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 9.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,888,148 shares of the company's stock after purchasing an additional 731,000 shares during the period. Brookdale Senior Living makes up about 2.8% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 9th biggest position. Maple Rock Capital Partners Inc. owned about 3.72% of Brookdale Senior Living worth $143,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in Brookdale Senior Living in the first quarter worth $171,681,000. Wellington Management Group LLP increased its position in Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company's stock valued at $98,331,000 after acquiring an additional 2,282,151 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Brookdale Senior Living by 20.4% in the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company's stock valued at $104,838,000 after acquiring an additional 1,300,100 shares during the period. Bank of America Corp DE raised its stake in shares of Brookdale Senior Living by 3.8% in the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company's stock valued at $45,293,000 after acquiring an additional 238,042 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Brookdale Senior Living by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company's stock worth $59,025,000 after acquiring an additional 42,375 shares during the last quarter.

Brookdale Senior Living Trading Up 0.8%

Shares of BKD opened at $11.81 on Tuesday. The firm has a fifty day moving average price of $14.11 and a 200-day moving average price of $14.00. The firm has a market capitalization of $2.82 billion, a P/E ratio of -20.36, a P/E/G ratio of 5.67 and a beta of 0.60. 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 posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.16. The company had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. Analysts predict that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on BKD shares. Barclays dropped their price target on shares of 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. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, 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 target price for the company. One research 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's stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of "Moderate Buy" and a consensus target price 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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