Wellington Management Group LLP raised its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 9.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,633,343 shares of the company's stock after purchasing an additional 802,736 shares during the period. Wellington Management Group LLP owned about 4.03% of Brookdale Senior Living worth $155,000,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Brookdale Senior Living during the second quarter worth about $43,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at about $53,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living in the third quarter valued at about $59,000. Finally, Strs Ohio acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at approximately $61,000.
Analyst Ratings Changes
Several brokerages recently issued reports on BKD. Barclays cut their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, August 11th. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They issued a "buy" rating and a $22.00 price target for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.
Get Our Latest Analysis on BKD
Brookdale Senior Living Stock Up 0.8%
Shares of Brookdale Senior Living stock opened at $11.81 on Tuesday. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09. The business's fifty day moving average is $14.11 and its two-hundred day moving average is $14.00. The firm has a market cap of $2.82 billion, a PE ratio of -20.36, a P/E/G ratio of 5.67 and a beta of 0.60.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating 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 firm had revenue of $718.58 million during the quarter, compared to analyst estimates of $735.63 million. Equities research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.
Brookdale Senior Living Profile
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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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