Brookdale Senior Living Inc. $BKD Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has significantly reduced its stake in Brookdale Senior Living Inc. by 93.6%, now holding only 7,702 shares valued at $48,000.
• Meanwhile, Allspring Global Investments Holdings LLC increased its holdings in Brookdale by 124.9%, becoming a notable investor with 772,095 shares valued at $4.7 million.
• Analysts have mixed ratings on Brookdale, with a consensus price target of $7.80, where Royal Bank of Canada suggests an "outperform" rating at $9.00.

Russell Investments Group Ltd. reduced its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 93.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,702 shares of the company's stock after selling 113,336 shares during the period. Russell Investments Group Ltd.'s holdings in Brookdale Senior Living were worth $48,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after buying an additional 6,838 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Brookdale Senior Living during the first quarter worth about $47,000. Lazard Asset Management LLC lifted its position in shares of Brookdale Senior Living by 6,029.2% during the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock worth $49,000 after purchasing an additional 9,707 shares during the last quarter. Crestline Management LP bought a new position in Brookdale Senior Living during the 4th quarter worth approximately $64,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Brookdale Senior Living during the 4th quarter worth approximately $80,000.

Brookdale Senior Living Stock Performance

BKD traded down $0.08 during trading hours on Tuesday, hitting $7.67. The company's stock had a trading volume of 1,049,404 shares, compared to its average volume of 2,885,899. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $1.80 billion, a PE ratio of -7.30 and a beta of 0.91. The company has a 50-day simple moving average of $7.50 and a 200 day simple moving average of $6.73.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.18) 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 during the quarter, compared to analyst estimates of $817.63 million. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analyst Weigh In

BKD has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays set a $8.00 target price on shares of Brookdale Senior Living and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.