Prescott Group Capital Management L.L.C. Cuts Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Key Points

• Prescott Group Capital Management L.L.C. sold 170,000 shares of Brookdale Senior Living, reducing its holdings by 19.0%, and currently owns 724,912 shares valued at approximately $4.54 million.
• Brookdale Senior Living's stock was recently rated with a consensus of "Hold", with price targets ranging from $7.00 to $9.00, reflecting mixed analyst sentiments.
• The company's stock is trading at $7.44, down 3.7%, and has seen a 52-week range from $4.45 to $8.08.

Prescott Group Capital Management L.L.C. trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 19.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 724,912 shares of the company's stock after selling 170,000 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.36% of Brookdale Senior Living worth $4,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BKD. Swiss National Bank lifted its position in shares of Brookdale Senior Living by 2.9% in the fourth quarter. Swiss National Bank now owns 368,439 shares of the company's stock valued at $1,853,000 after acquiring an additional 10,500 shares in the last quarter. Cibc World Markets Corp bought a new position in Brookdale Senior Living during the fourth quarter valued at approximately $90,000. Sei Investments Co. boosted its stake in Brookdale Senior Living by 56.7% during the fourth quarter. Sei Investments Co. now owns 217,422 shares of the company's stock valued at $1,094,000 after buying an additional 78,714 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Brookdale Senior Living during the 4th quarter valued at approximately $165,000. Finally, JPMorgan Chase & Co. increased its stake in Brookdale Senior Living by 247.3% in the 4th quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company's stock worth $3,571,000 after acquiring an additional 505,569 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Wall Street Zen cut Brookdale Senior Living from a "hold" rating to a "sell" rating in a research note on Sunday, July 20th. Finally, Barclays raised their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.70.

Brookdale Senior Living Stock Up 1.4%

Shares of Brookdale Senior Living stock traded up $0.11 during trading on Tuesday, reaching $7.60. The company's stock had a trading volume of 421,579 shares, compared to its average volume of 2,914,017. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 28.85. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -7.30 and a beta of 0.83. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.03. The company has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $6.18.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

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.