Brookdale Senior Living Inc. $BKD Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its Brookdale Senior Living stake by 70.4% in the second quarter, selling 146,067 shares and retaining 61,500 shares valued at approximately $990,000.
• Several institutional investors initiated positions in Brookdale, including WCM Investment Management with a stake valued at approximately $171.7 million, while other new positions ranged from about $1.7 million to $28.6 million.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $17.40 versus a recent price of $12.13. Brookdale also exceeded quarterly EPS expectations but reported revenue below consensus.

WINTON GROUP Ltd trimmed its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 70.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,500 shares of the company's stock after selling 146,067 shares during the quarter. WINTON GROUP Ltd's holdings in Brookdale Senior Living were worth $990,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sculptor Capital LP purchased a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $28,640,000. Castleark Management LLC purchased a new position in shares of Brookdale Senior Living in the 1st quarter worth $8,187,000. Wolf Hill Capital Management LP acquired a new position in Brookdale Senior Living in the second quarter valued at $27,353,000. WCM Investment Management LLC acquired a new position in Brookdale Senior Living in the first quarter valued at $171,681,000. Finally, Jupiter Topco LLC purchased a new stake in Brookdale Senior Living during the second quarter valued at about $1,688,000.

Analyst Ratings Changes

Several equities research analysts have commented on BKD shares. Compass Point assumed coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a "buy" rating and a $22.00 price target for the company. Barclays reduced their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.40.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $12.13 on Monday. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -20.91, a PEG ratio of 5.88 and a beta of 0.58. The business has a 50-day moving average of $13.49 and a 200-day moving average of $13.74.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced 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. The business had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. Research analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

About Brookdale Senior Living

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.