Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 66.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,615 shares of the company's stock after selling 246,954 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Brookdale Senior Living worth $780,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after acquiring an additional 6,838 shares during the period. PNC Financial Services Group Inc. bought a new position in Brookdale Senior Living during the first quarter worth $47,000. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% in the fourth 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 shares of Brookdale Senior Living in the fourth quarter valued at $64,000. Finally, Freestone Grove Partners LP bought a new position in shares of Brookdale Senior Living in the fourth quarter valued at $65,000.
Brookdale Senior Living Trading Up 2.9%
BKD traded up $0.2150 during midday trading on Friday, reaching $7.5350. 554,608 shares of the company's stock traded hands, compared to its average volume of 2,902,003. The firm has a fifty day moving average of $7.30 and a two-hundred day moving average of $6.48. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -7.18 and a beta of 0.87. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.01.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). The business had revenue of $812.94 million for the quarter, compared to the consensus estimate of $817.63 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on BKD. Royal Bank Of Canada reiterated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living has an average rating of "Hold" and an average price target of $7.80.
Get Our Latest Research Report on Brookdale Senior Living
Brookdale Senior Living Company Profile
(
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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