Invesco Ltd. Sells 206,195 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Invesco Ltd. has reduced its stake in Brookdale Senior Living by 15.2%, selling 206,195 shares to now own approximately 1,152,250 shares valued at $7.2 million.
• Several other institutional investors have significantly increased their holdings in Brookdale, with ANTIPODES PARTNERS Ltd raising its stake by 81%, resulting in approximately 13.7 million shares owned.
• Wall Street analysts have a consensus rating of "Hold" for Brookdale Senior Living, with price targets ranging between $8.00 and $9.00, indicating expectations of moderate growth for the company's stock.

Invesco Ltd. lowered its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 15.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,152,250 shares of the company's stock after selling 206,195 shares during the period. Invesco Ltd. owned about 0.49% of Brookdale Senior Living worth $7,213,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BKD. ANTIPODES PARTNERS Ltd boosted its holdings in Brookdale Senior Living by 81.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company's stock worth $85,672,000 after buying an additional 6,124,238 shares during the period. Flat Footed LLC boosted its holdings in Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock worth $57,351,000 after buying an additional 5,235,078 shares during the period. Rush Island Management LP boosted its holdings in Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after buying an additional 3,187,294 shares during the period. Wellington Management Group LLP boosted its holdings in Brookdale Senior Living by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company's stock worth $49,878,000 after buying an additional 2,089,242 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in Brookdale Senior Living by 77.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company's stock worth $18,529,000 after buying an additional 1,609,997 shares during the period.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock traded up $0.07 during midday trading on Friday, reaching $7.71. 2,114,447 shares of the stock traded hands, compared to its average volume of 2,921,756. The stock's fifty day moving average is $7.41 and its 200-day moving average is $6.62. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.01. The stock has a market cap of $1.81 billion, a P/E ratio of -7.34 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) 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 the consensus estimate of $817.63 million. As a group, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BKD. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.80.

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.