Brookdale Senior Living Inc. (NYSE:BKD) Stock Holdings Lowered by Mackenzie Financial Corp

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 cut its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 90.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brookdale Senior Living by 15.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,820 shares of the company's stock worth $374,000 after buying an additional 8,189 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Brookdale Senior Living by 81.0% during the first 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 in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookdale Senior Living by 9.5% during the first quarter. Principal Financial Group Inc. now owns 164,351 shares of the company's stock worth $1,029,000 after buying an additional 14,326 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Brookdale Senior Living during the first quarter worth $173,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Brookdale Senior Living by 124.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock worth $4,718,000 after buying an additional 428,802 shares in the last quarter.

Brookdale Senior Living Stock Performance

NYSE:BKD traded down $0.13 during trading hours on Thursday, reaching $7.27. The company had a trading volume of 836,823 shares, compared to its average volume of 2,908,263. The firm's 50 day moving average price is $7.24 and its 200-day moving average price is $6.38. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -6.93 and a beta of 0.87. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.01. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $812.94 million for the quarter, compared to analysts' expectations of $817.63 million. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BKD shares. Wall Street Zen upgraded Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada restated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Barclays set a $8.00 price target on Brookdale Senior Living and gave the company an "equal weight" rating in a research note on Thursday, August 7th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.