Jupiter Topco LLC bought a new position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 104,938 shares of the company's stock, valued at approximately $1,688,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company's stock valued at $29,000 after acquiring an additional 2,675 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $43,000. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living during the 3rd quarter worth about $59,000. Strs Ohio bought a new stake in Brookdale Senior Living during the 1st quarter valued at approximately $61,000. Finally, Persistent Asset Partners Ltd bought a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $66,000.
Analysts Set New Price Targets
BKD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Compass Point started 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. Finally, Barclays reduced their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Brookdale Senior Living has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.
Get Our Latest Analysis on BKD
Brookdale Senior Living Stock Performance
Shares of BKD opened at $11.95 on Friday. The company has a 50-day simple moving average of $13.95 and a 200-day simple moving average of $13.90. Brookdale Senior Living Inc. has a 52 week low of $7.29 and a 52 week high of $17.09. The firm has a market capitalization of $2.85 billion, a P/E ratio of -20.60, a P/E/G ratio of 5.77 and a beta of 0.58.
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 return on equity of 15,050.32% and a negative net margin of 4.53%.The business had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.
About Brookdale Senior Living
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding BKD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookdale Senior Living Inc. (NYSE:BKD - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Brookdale Senior Living, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookdale Senior Living wasn't on the list.
While Brookdale Senior Living currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
