SG Americas Securities LLC Takes $7.91 Million Position in Brookdale Senior Living Inc. $BKD

Key Points

• SG Americas Securities LLC opened a new position in Brookdale, buying 733,140 shares worth approximately $7.91 million, representing about 0.31% of the company per its latest 13F filing.
• Brookdale reported Q4 EPS of ($0.17), missing estimates by $0.01 while revenue of $754.09M was roughly in line; the company has a negative return on equity (305.28%) and net margin (-8.22%) with a market cap near $3.19B and a one-year range of $4.97–$17.09.
• Analysts hold a consensus rating of "Moderate Buy" with an average price target of $16; several firms have upgraded targets (e.g., Barclays $18, BofA to buy at $13) while Weiss Ratings still recommends a sell.

SG Americas Securities LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 733,140 shares of the company's stock, valued at approximately $7,911,000. SG Americas Securities LLC owned about 0.31% of Brookdale Senior Living as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Covestor Ltd grew its position in shares of Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company's stock valued at $81,000 after buying an additional 3,428 shares during the last quarter. Strs Ohio purchased a new position in shares of Brookdale Senior Living in the 1st quarter valued at $61,000. Levin Capital Strategies L.P. acquired a new stake in Brookdale Senior Living during the 3rd quarter worth $85,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Brookdale Senior Living in the third quarter valued at $85,000.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $13.40 on Tuesday. The company has a 50-day simple moving average of $14.68 and a 200-day simple moving average of $11.52. Brookdale Senior Living Inc. has a one year low of $4.97 and a one year high of $17.09. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -12.08 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.01). The company had revenue of $754.09 million for the quarter, compared to analysts' expectations of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. On average, analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BKD. Barclays upped their price objective on shares of Brookdale Senior Living to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada reissued an "outperform" rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Bank of America raised Brookdale Senior Living from an "underperform" rating to a "buy" rating and upped their target price for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Brookdale Senior Living from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.00.

Brookdale Senior Living Profile

Brookdale Senior Living Inc NYSE: BKD is one of the nation's largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.

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