Hedges Asset Management LLC Has $1.06 Million Stock Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• Hedges Asset Management LLC reduced its stake in Brookdale Senior Living by 36.7%, selling 88,000 shares and holding approximately 152,000 shares valued at $1,058,000.
• Despite Hedges' reduction, ANTIPODES PARTNERS Ltd significantly increased its stake by 81.0% in the same quarter, now owning 13,684,500 shares.
• Brookdale Senior Living reported a loss of $0.18 per share for the last quarter, missing analysts' expectations, and has a current average stock rating of "Hold" with a price target of $7.80.

Hedges Asset Management LLC reduced its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 36.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,000 shares of the company's stock after selling 88,000 shares during the period. Hedges Asset Management LLC owned 0.06% of Brookdale Senior Living worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Brookdale Senior Living by 124.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock worth $4,718,000 after acquiring an additional 428,802 shares during the period. SG Americas Securities LLC lifted its stake in shares of Brookdale Senior Living by 180.4% in the 1st quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock worth $1,048,000 after acquiring an additional 107,679 shares during the period. Rhumbline Advisers lifted its stake in shares of Brookdale Senior Living by 2.2% in the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock worth $1,757,000 after acquiring an additional 5,949 shares during the period. GAMMA Investing LLC lifted its stake in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after acquiring an additional 6,838 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Brookdale Senior Living by 7.7% in the 1st quarter. American Century Companies Inc. now owns 2,234,645 shares of the company's stock worth $13,989,000 after acquiring an additional 159,098 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays set a $8.00 price target on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. 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. Finally, Wall Street Zen upgraded shares of 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Trading Down 1.2%

Shares of BKD stock traded down $0.10 during trading hours on Friday, reaching $7.92. 1,493,677 shares of the stock traded hands, compared to its average volume of 2,882,357. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.29. The business has a fifty day moving average price of $7.59 and a 200 day moving average price of $6.82. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $1.85 billion, a PE ratio of -7.57 and a beta of 0.91.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.04). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Brookdale Senior Living 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.