Mackenzie Financial Corp Has $74,000 Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Key Points

• Mackenzie Financial Corp significantly reduced its position in Brookdale Senior Living, selling 107,026 shares and now holding only 11,859 shares, valued at $74,000.
• Multiple investors, including MetLife and Rhumbline Advisers, increased their stakes in Brookdale Senior Living in the previous quarter, reflecting ongoing interest in the stock.
• Analyst ratings for Brookdale Senior Living vary, with one upgrade to a "hold" rating and a consensus target price of $7.80, despite the company reporting a loss per share of ($0.18) last quarter.

Mackenzie Financial Corp trimmed its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 90.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,859 shares of the company's stock after selling 107,026 shares during the period. Mackenzie Financial Corp's holdings in Brookdale Senior Living were worth $74,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BKD. JPMorgan Chase & Co. raised its stake in shares of Brookdale Senior Living by 247.3% in the fourth quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company's stock valued at $3,571,000 after acquiring an additional 505,569 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Brookdale Senior Living by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,495,009 shares of the company's stock valued at $7,520,000 after purchasing an additional 20,454 shares in the last quarter. Russell Investments Group Ltd. raised its position in Brookdale Senior Living by 37.0% in the 4th quarter. Russell Investments Group Ltd. now owns 121,038 shares of the company's stock valued at $609,000 after purchasing an additional 32,663 shares during the last quarter. Bank of Montreal Can raised its position in Brookdale Senior Living by 9.0% in the 4th quarter. Bank of Montreal Can now owns 162,930 shares of the company's stock valued at $820,000 after purchasing an additional 13,501 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Brookdale Senior Living by 4.7% in the fourth quarter. Legal & General Group Plc now owns 219,560 shares of the company's stock worth $1,104,000 after purchasing an additional 9,851 shares in the last quarter.

Brookdale Senior Living Trading Up 0.4%

Brookdale Senior Living stock traded up $0.03 during mid-day trading on Monday, hitting $7.24. The stock had a trading volume of 2,956,213 shares, compared to its average volume of 2,578,635. The stock has a 50-day simple moving average of $7.22 and a two-hundred day simple moving average of $6.37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 28.85. The stock has a market capitalization of $1.70 billion, a PE ratio of -6.89 and a beta of 0.87. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its 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 93.47%. The business had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. As a group, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

BKD has been the subject of a number of research reports. Barclays set a $8.00 target price on Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Brookdale Senior Living presently has an average rating of "Hold" and a consensus price target of $7.80.

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.