Maverick Capital Ltd. Acquires 61,680 Shares of Brookdale Senior Living Inc. $BKD

Key Points

• Maverick Capital Ltd. increased its stake in Brookdale Senior Living by 131.3%, now holding 108,647 shares valued at approximately $680,000.
• Brookdale Senior Living's stock has a consensus rating of "Hold" with analysts setting a target price between $7.80 and $9.00.
• Despite the increase in institutional investment, the company reported a loss of $0.18 per share last quarter, missing analyst expectations and highlighting ongoing financial challenges.

Maverick Capital Ltd. grew its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 131.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,647 shares of the company's stock after purchasing an additional 61,680 shares during the quarter. Maverick Capital Ltd.'s holdings in Brookdale Senior Living were worth $680,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 81.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company's stock valued at $85,672,000 after purchasing an additional 6,124,238 shares during the last quarter. Flat Footed LLC boosted its stake in shares of Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company's stock valued at $57,351,000 after purchasing an additional 5,235,078 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 valued at $49,878,000 after purchasing an additional 2,089,242 shares during the last quarter. Rush Island Management LP boosted its stake in shares of 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 valued at $41,769,000 after purchasing an additional 3,187,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Brookdale Senior Living by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company's stock valued at $35,916,000 after purchasing an additional 164,239 shares during the last quarter.

Brookdale Senior Living Stock Up 0.6%

BKD traded up $0.05 during trading on Friday, reaching $7.70. The company had a trading volume of 2,381,500 shares, compared to its average volume of 2,635,367. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.01. The business's fifty day moving average price is $7.49 and its 200 day moving average price is $6.70. The company has a market cap of $1.80 billion, a P/E ratio of -7.33 and a beta of 0.91.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays set a $8.00 price objective on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note 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, August 9th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.80.

About Brookdale Senior Living

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.