Adelante Capital Management LLC cut its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,502,850 shares of the company's stock after selling 122,985 shares during the quarter. Adelante Capital Management LLC owned approximately 0.64% of Brookdale Senior Living worth $9,408,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at about $181,000. Pingora Partners LLC boosted its stake in Brookdale Senior Living by 12.7% during the 1st quarter. Pingora Partners LLC now owns 217,684 shares of the company's stock valued at $1,363,000 after purchasing an additional 24,500 shares during the period. Millennium Management LLC boosted its stake in Brookdale Senior Living by 67.7% during the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company's stock valued at $13,591,000 after purchasing an additional 876,222 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company's stock valued at $866,000 after buying an additional 4,323 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in Brookdale Senior Living in the 1st quarter worth approximately $2,730,000.
Brookdale Senior Living Stock Up 0.3%
Shares of Brookdale Senior Living stock traded up $0.03 during trading on Wednesday, hitting $7.65. 5,501,184 shares of the company's stock traded hands, compared to its average volume of 2,494,991. The firm's fifty day moving average price is $7.54 and its 200 day moving average price is $6.74. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.29. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The business had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. As a group, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on BKD. Barclays set a $8.00 price objective on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Brookdale Senior Living presently has an average rating of "Hold" and a consensus price target of $7.80.
Read Our Latest Stock Report on BKD
About Brookdale Senior Living
(
Free Report)
Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.
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