Hsbc Holdings PLC Lowers Stake in Brookdale Senior Living Inc. $BKD

Key Points

• Hsbc Holdings PLC reduced its Brookdale Senior Living stake by 77.1% in the first quarter, selling 73,085 shares and retaining 21,759 shares valued at approximately $298,000.
• Institutional sentiment was mixed, while analysts maintained an overall “Moderate Buy” rating with an average price target of $17.60; coverage included buy, overweight, hold and sell recommendations.
• Brookdale shares opened at $14.59, near their 50- and 200-day moving averages. The company’s latest quarterly results missed estimates, reporting a $0.03 loss per share and $764.86 million in revenue.

Hsbc Holdings PLC cut its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 77.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,759 shares of the company's stock after selling 73,085 shares during the quarter. Hsbc Holdings PLC's holdings in Brookdale Senior Living were worth $298,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Brookdale Senior Living during the first quarter worth about $157,000. Lee Danner & Bass Inc. raised its stake in Brookdale Senior Living by 246.4% during the 1st quarter. Lee Danner & Bass Inc. now owns 1,304,670 shares of the company's stock valued at $17,848,000 after acquiring an additional 928,085 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in Brookdale Senior Living by 9.8% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 345,397 shares of the company's stock worth $4,725,000 after acquiring an additional 30,811 shares during the period. Private Advisor Group LLC acquired a new stake in Brookdale Senior Living during the 1st quarter worth approximately $547,000. Finally, Strs Ohio purchased a new position in shares of Brookdale Senior Living in the 1st quarter valued at approximately $70,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKD. Weiss Ratings lowered Brookdale Senior Living from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, May 27th. 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 target for the company. Zacks Research lowered shares of Brookdale Senior Living from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Finally, Stephens started coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an "overweight" rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.60.

Brookdale Senior Living Stock Down 0.1%

Shares of NYSE:BKD opened at $14.59 on Monday. Brookdale Senior Living Inc. has a 52 week low of $6.99 and a 52 week high of $17.09. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $14.13. The company has a market cap of $3.48 billion, a P/E ratio of -16.96 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

Brookdale Senior Living Company Profile

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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