Empowered Funds LLC purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,129 shares of the company's stock, valued at approximately $1,643,000.
A number of other hedge funds and other institutional investors have also modified their holdings of BKD. WCM Investment Management LLC bought a new position in Brookdale Senior Living in the 1st quarter worth approximately $171,681,000. Wellington Management Group LLP boosted its position in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company's stock valued at $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Brookdale Senior Living by 34.9% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company's stock valued at $91,683,000 after buying an additional 2,199,000 shares during the period. Renaissance Technologies LLC increased its stake in shares of Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company's stock valued at $104,838,000 after buying an additional 1,300,100 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company's stock valued at $45,293,000 after buying an additional 238,042 shares during the period.
Brookdale Senior Living Price Performance
Shares of NYSE BKD opened at $11.95 on Friday. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09. The firm has a market capitalization of $2.85 billion, a P/E ratio of -20.60, a P/E/G ratio of 5.77 and a beta of 0.58. The company's 50 day simple moving average is $13.95 and its 200 day simple moving average is $13.90.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.16. The firm had revenue of $718.58 million during the quarter, compared to analyst estimates of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. Sell-side analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Barclays cut their price target 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Finally, Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a "buy" rating and a $22.00 price objective for the company. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Moderate Buy" and an average price target of $17.40.
Check Out Our Latest Analysis on Brookdale Senior Living
About Brookdale Senior Living
(
Free Report)
Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.
Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.
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