Brookdale Senior Living Inc. $BKD Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Brookdale Senior Living position by 86.9% in the third quarter, purchasing 118,700 additional shares and bringing its holdings to 255,285 shares worth approximately $2.8 million.
• Several other institutional investors also expanded or initiated positions, including Assenagon Asset Management, which increased its stake by 1,268.9% to 1.32 million shares.
• Brookdale shares opened at $10.48, while analysts maintained a consensus “Buy” rating with a $17.40 target price; the company’s latest quarterly earnings beat estimates but revenue fell short of expectations.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 86.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,285 shares of the company's stock after purchasing an additional 118,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.11% of Brookdale Senior Living worth $2,765,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in shares of Brookdale Senior Living by 1,268.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,315,247 shares of the company's stock worth $14,244,000 after purchasing an additional 1,219,166 shares during the period. State of Alaska Department of Revenue bought a new stake in Brookdale Senior Living in the third quarter worth about $126,000. LDR Capital Management LLC purchased a new position in Brookdale Senior Living in the third quarter valued at about $675,000. Nykredit A S purchased a new position in Brookdale Senior Living in the second quarter valued at about $57,000. Finally, AXQ Capital LP boosted its stake in Brookdale Senior Living by 90.7% in the second quarter. AXQ Capital LP now owns 82,687 shares of the company's stock valued at $1,330,000 after acquiring an additional 39,335 shares during the last quarter.

Brookdale Senior Living Stock Up 0.9%

Shares of Brookdale Senior Living stock opened at $10.48 on Tuesday. The company has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $13.29. Brookdale Senior Living Inc. has a 52-week low of $8.02 and a 52-week high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. The company had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. As a group, analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BKD shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Zacks Research raised shares of Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Finally, Barclays cut their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living has a consensus rating of "Buy" and a consensus target price of $17.40.

Brookdale Senior Living Profile

Brookdale Senior Living, Inc NYSE: BKD is a U.S.-based operator of senior living communities. The company provides housing, care and support services for older adults through a range of offerings, including independent living, assisted living, memory care and continuing care retirement communities.

Brookdale's services are designed to support residents with different levels of independence and care needs. Its communities generally provide accommodations, dining, wellness programs, social and recreational activities, transportation and assistance with daily living.

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