D. E. Shaw & Co. Inc. cut its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 909,610 shares of the company's stock after selling 964,803 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.46% of Brookdale Senior Living worth $4,575,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in BKD. Barclays PLC lifted its stake in Brookdale Senior Living by 339.9% in the third quarter. Barclays PLC now owns 322,667 shares of the company's stock worth $2,192,000 after acquiring an additional 249,318 shares during the period. JPMorgan Chase & Co. lifted its stake in Brookdale Senior Living by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 204,445 shares of the company's stock worth $1,388,000 after acquiring an additional 40,433 shares during the period. SG Americas Securities LLC raised its holdings in Brookdale Senior Living by 38.7% in the fourth quarter. SG Americas Securities LLC now owns 59,703 shares of the company's stock worth $300,000 after purchasing an additional 16,650 shares in the last quarter. Hedges Asset Management LLC raised its holdings in Brookdale Senior Living by 28.0% in the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company's stock worth $1,333,000 after purchasing an additional 58,000 shares in the last quarter. Finally, R Squared Ltd bought a new position in Brookdale Senior Living in the fourth quarter worth about $33,000.
Brookdale Senior Living Stock Performance
Shares of Brookdale Senior Living stock traded up $0.01 during midday trading on Friday, hitting $6.43. The company had a trading volume of 2,219,632 shares, compared to its average volume of 2,412,406. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -7.22 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $5.62. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Macquarie reiterated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Royal Bank of Canada boosted their target price on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Barclays boosted their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Hold" and an average price target of $7.70.
Check Out Our Latest Research Report on BKD
About Brookdale Senior Living
(
Free Report)
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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