Brookdale Senior Living Inc. $BKD Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Brookdale Senior Living stake by 96.2% in the second quarter, selling 2.41 million shares and retaining 96,081 shares valued at approximately $1.55 million.
• Brookdale reported quarterly EPS of $0.10, beating estimates for a $0.06 loss, while revenue of $718.6 million fell short of the $735.6 million consensus forecast.
• BKD shares opened at $12.64, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $17.40.

Assenagon Asset Management S.A. lowered its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 96.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,081 shares of the company's stock after selling 2,413,594 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Brookdale Senior Living were worth $1,546,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BKD. Royal Bank of Canada grew its stake in Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company's stock worth $6,888,000 after acquiring an additional 36,604 shares during the period. AQR Capital Management LLC raised its stake in Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company's stock worth $160,000 after purchasing an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Brookdale Senior Living by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company's stock valued at $866,000 after acquiring an additional 4,323 shares during the last quarter. Millennium Management LLC boosted its holdings in Brookdale Senior Living by 67.7% in the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company's stock valued at $13,591,000 after acquiring an additional 876,222 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Brookdale Senior Living during the first quarter valued at about $181,000.

Brookdale Senior Living Trading Up 0.7%

Shares of NYSE BKD opened at $12.64 on Friday. Brookdale Senior Living Inc. has a 12-month low of $7.11 and a 12-month high of $17.09. The stock's 50 day simple moving average is $14.39 and its 200 day simple moving average is $14.22. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -21.79, a price-to-earnings-growth ratio of 6.08 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its 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 firm had revenue of $718.58 million during the quarter, compared to analysts' expectations 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%. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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