Brookdale Senior Living Inc. $BKD Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Brookdale Senior Living stake by 89% in the second quarter, selling 1.06 million shares and retaining 129,796 shares valued at approximately $2.1 million.
• Other institutional investors increased their positions, including Wellington Management, Maple Rock Capital Partners, Renaissance Technologies and Dimensional Fund Advisors. WCM Investment Management also initiated a new position worth about $171.7 million.
• BKD recently traded at $11.94, below its 50- and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.40, while Brookdale’s latest quarterly EPS beat estimates despite revenue falling short.

Squarepoint Ops LLC decreased its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 89.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,796 shares of the company's stock after selling 1,055,263 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of Brookdale Senior Living worth $2,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BKD. WCM Investment Management LLC acquired a new stake in shares of Brookdale Senior Living in the first quarter worth approximately $171,681,000. Wellington Management Group LLP increased its position in Brookdale Senior Living by 9.1% during the second quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company's stock worth $155,000,000 after purchasing an additional 802,736 shares during the last quarter. Maple Rock Capital Partners Inc. increased its position in Brookdale Senior Living by 9.0% during the second quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company's stock worth $143,010,000 after purchasing an additional 731,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Brookdale Senior Living by 20.4% during the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company's stock worth $104,838,000 after purchasing an additional 1,300,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Brookdale Senior Living by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company's stock worth $71,061,000 after purchasing an additional 173,454 shares during the period.

Brookdale Senior Living Stock Performance

BKD opened at $11.94 on Tuesday. The firm has a 50 day moving average price of $13.41 and a 200 day moving average price of $13.72. The company has a market cap of $2.85 billion, a PE ratio of -20.58, a price-to-earnings-growth ratio of 5.88 and a beta of 0.58. Brookdale Senior Living Inc. has a 1 year low of $7.29 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly 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. The firm had revenue of $718.58 million for the quarter, compared to analyst estimates 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%. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BKD. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Barclays cut their target price on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. Finally, Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They issued a "buy" rating and a $22.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.40.

Brookdale Senior Living Profile

Brookdale Senior Living, Inc is a U.S.-based operator of senior living communities. The company provides housing, hospitality and supportive care for older adults through a range of living options, including independent living, assisted living, memory care and continuing care communities.

Brookdale's services are designed to support residents' daily living, wellness and social needs while offering varying levels of assistance as care requirements change. Its operations also include ancillary healthcare services, such as therapy, home health and hospice care, where available.

Headquartered in Brentwood, Tennessee, Brookdale serves residents across numerous states in the United States.

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