Wellington Management Group LLP Raises Position in Brookdale Senior Living Inc. (NYSE:BKD)

Wellington Management Group LLP boosted its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,916,049 shares of the company's stock after acquiring an additional 2,089,242 shares during the period. Wellington Management Group LLP owned 4.95% of Brookdale Senior Living worth $49,878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in Brookdale Senior Living by 261.7% in the fourth quarter. Mackenzie Financial Corp now owns 118,885 shares of the company's stock worth $598,000 after acquiring an additional 86,021 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Brookdale Senior Living by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company's stock worth $2,886,000 after acquiring an additional 79,264 shares during the last quarter. State of Wyoming raised its holdings in shares of Brookdale Senior Living by 19.2% in the 4th quarter. State of Wyoming now owns 51,819 shares of the company's stock worth $261,000 after acquiring an additional 8,335 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $80,000. Finally, Rush Island Management LP raised its holdings in shares of Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after acquiring an additional 3,187,294 shares during the last quarter.

Brookdale Senior Living Stock Performance

Shares of BKD traded down $0.22 during mid-day trading on Monday, hitting $6.30. The stock had a trading volume of 851,034 shares, compared to its average volume of 2,416,668. The firm has a market cap of $1.48 billion, a P/E ratio of -7.07 and a beta of 0.83. The business has a fifty day moving average price of $6.31 and a 200-day moving average price of $5.65. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BKD shares. Royal Bank of Canada raised their target price on Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Barclays raised their target price on Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Finally, Macquarie restated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Profile

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.