Engineers Gate Manager LP Sells 289,971 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Engineers Gate Manager LP cut its Brookdale Senior Living stake by 85.8% in the second quarter, selling 289,971 shares and retaining 47,890 shares valued at approximately $771,000.
• Several institutional investors established new positions in BKD, including WCM Investment Management, whose stake was valued at approximately $171.7 million.
• Brookdale reported quarterly EPS of $0.10, beating the $0.06-per-share loss analysts expected, while revenue of $718.6 million fell short of estimates. Analysts maintain a consensus “Moderate Buy” rating with a $17.40 target price.

Engineers Gate Manager LP lessened its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 85.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,890 shares of the company's stock after selling 289,971 shares during the quarter. Engineers Gate Manager LP's holdings in Brookdale Senior Living were worth $771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BKD. Sculptor Capital LP bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $28,640,000. Castleark Management LLC purchased a new stake in shares of Brookdale Senior Living during the first quarter worth about $8,187,000. Wolf Hill Capital Management LP purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $27,353,000. WCM Investment Management LLC bought a new position in Brookdale Senior Living during the 1st quarter valued at approximately $171,681,000. Finally, Jupiter Topco LLC bought a new position in Brookdale Senior Living during the 2nd quarter valued at approximately $1,688,000.

Brookdale Senior Living Stock Up 0.2%

Shares of BKD stock opened at $11.47 on Monday. The business's fifty day moving average is $13.14 and its 200 day moving average is $13.62. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of -19.77, a PEG ratio of 5.52 and a beta of 0.58. Brookdale Senior Living Inc. has a twelve month low of $7.84 and a twelve month high of $17.09.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. Equities research analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Compass Point began coverage on Brookdale Senior Living in a research report on Monday, June 15th. They issued a "buy" rating and a $22.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Barclays dropped their price target on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.

Brookdale Senior Living Profile

Brookdale Senior Living, Inc is a U.S.-based operator of senior living communities. The company provides housing, hospitality and supportive care for older adults through a range of living options, including independent living, assisted living, memory care and continuing care communities.

Brookdale's services are designed to support residents' daily living, wellness and social needs while offering varying levels of assistance as care requirements change. Its operations also include ancillary healthcare services, such as therapy, home health and hospice care, where available.

Headquartered in Brentwood, Tennessee, Brookdale serves residents across numerous states in the United States.

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