Hennessy Advisors Inc. Sells 153,700 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Hennessy Advisors Inc. trimmed its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,345,900 shares of the company's stock after selling 153,700 shares during the period. Hennessy Advisors Inc. owned 0.67% of Brookdale Senior Living worth $8,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BKD. SG Americas Securities LLC boosted its holdings in Brookdale Senior Living by 180.4% during the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock valued at $1,048,000 after acquiring an additional 107,679 shares during the period. Rhumbline Advisers boosted its holdings in Brookdale Senior Living by 2.2% during the first quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after acquiring an additional 5,949 shares during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 6,838 shares during the period. Wellington Management Group LLP boosted its holdings in Brookdale Senior Living by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock valued at $49,878,000 after acquiring an additional 2,089,242 shares during the period. Finally, Mackenzie Financial Corp increased its position in Brookdale Senior Living by 261.7% in the 4th quarter. Mackenzie Financial Corp now owns 118,885 shares of the company's stock worth $598,000 after buying an additional 86,021 shares during the period.

Wall Street Analyst Weigh In

BKD has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays lifted their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of "Hold" and a consensus target price of $7.70.

Brookdale Senior Living Stock Performance

Shares of BKD traded down $0.11 on Friday, reaching $6.83. 1,614,461 shares of the stock traded hands, compared to its average volume of 2,487,252. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -7.67 and a beta of 0.81. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The stock's 50-day moving average price is $6.47 and its 200-day moving average price is $5.74.

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 (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

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.