Brookdale Senior Living Inc. $BKD Shares Sold by Lee Danner & Bass Inc.

Key Points

• Lee Danner & Bass Inc. reduced its stake in Brookdale Senior Living by 6.9%, selling 30,000 shares, leaving them with approximately 406,995 shares valued at $2.83 million.
• Brookdale reported a loss of ($0.18) earnings per share for the last quarter, missing analysts' expectations by ($0.04) and generating revenues of $812.94 million, below the anticipated $817.63 million.
• The stock has a current market cap of $2.07 billion, with a twelve month high of $9.09 and a low of $4.45, while analysts have a consensus rating of "Hold" with a target price of $8.33.

Lee Danner & Bass Inc. reduced its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,995 shares of the company's stock after selling 30,000 shares during the quarter. Lee Danner & Bass Inc. owned approximately 0.17% of Brookdale Senior Living worth $2,833,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock valued at $4,718,000 after buying an additional 428,802 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Brookdale Senior Living by 647.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company's stock valued at $9,097,000 after buying an additional 1,132,138 shares during the period. Anson Funds Management LP boosted its stake in shares of Brookdale Senior Living by 199.4% in the 1st quarter. Anson Funds Management LP now owns 538,880 shares of the company's stock valued at $3,373,000 after buying an additional 358,880 shares during the period. GAMMA Investing LLC boosted its stake in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Brookdale Senior Living by 7.7% in the 1st quarter. American Century Companies Inc. now owns 2,234,645 shares of the company's stock valued at $13,989,000 after buying an additional 159,098 shares during the period.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $8.84 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $9.09. The stock has a 50 day moving average of $8.02 and a two-hundred day moving average of $7.25. The stock has a market cap of $2.07 billion, a P/E ratio of -8.41 and a beta of 0.90.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $812.94 million during the quarter, compared to analysts' expectations of $817.63 million. On average, research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

BKD has been the subject of several recent research reports. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada restated an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Finally, Barclays set a $8.00 target price on Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Brookdale Senior Living has a consensus rating of "Hold" and a consensus target price of $8.33.

About Brookdale Senior Living

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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