Brookdale Senior Living Inc. (NYSE:BKD) Shares Sold by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund significantly reduced its holdings in Brookdale Senior Living Inc. by 96.3%, selling over 1.27 million shares and ending the quarter with a valuation of $303,000.
• Analysts have mixed opinions on Brookdale Senior Living's stock, with new price targets ranging from $7.00 to $9.00, and a consensus rating of "Hold."
• Brookdale reported (-$0.11) earnings per share in its last quarter, hitting the consensus estimate, and has a negative return on equity of 79.84%.

New York State Common Retirement Fund cut its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 96.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,372 shares of the company's stock after selling 1,276,106 shares during the quarter. New York State Common Retirement Fund's holdings in Brookdale Senior Living were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after purchasing an additional 6,838 shares during the period. Lazard Asset Management LLC grew its position in Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after buying an additional 9,707 shares in the last quarter. Crestline Management LP bought a new position in Brookdale Senior Living in the 4th quarter valued at about $64,000. Freestone Grove Partners LP acquired a new position in Brookdale Senior Living during the 4th quarter valued at about $65,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Brookdale Senior Living during the 4th quarter worth about $80,000.

Brookdale Senior Living Trading Up 0.9%

Shares of NYSE:BKD opened at $7.51 on Friday. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -7.22 and a beta of 0.83. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.08. The company has a 50 day moving average price of $6.99 and a 200 day moving average price of $6.16.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Brookdale Senior Living from a "hold" rating to a "sell" rating in a report on Sunday, July 20th. Barclays increased their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.70.

Brookdale Senior Living Company 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.

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