Teachers Retirement System of The State of Kentucky Sells 53,008 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Teachers Retirement System of The State of Kentucky cut its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 13.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,330 shares of the company's stock after selling 53,008 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.17% of Brookdale Senior Living worth $2,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKD. GAMMA Investing LLC boosted its holdings in Brookdale Senior Living by 1,999.4% in the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after acquiring an additional 6,838 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $64,000. Freestone Grove Partners LP bought a new stake in Brookdale Senior Living during the 4th quarter worth about $65,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Brookdale Senior Living during the fourth quarter valued at approximately $80,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen downgraded Brookdale Senior Living from a "hold" rating to a "sell" rating in a research note on Sunday. Royal Bank Of Canada reiterated 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, Barclays upped their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.70.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded down $0.29 during mid-day trading on Thursday, hitting $7.44. 1,780,171 shares of the stock were exchanged, compared to its average volume of 3,155,888. The company has a market capitalization of $1.74 billion, a P/E ratio of -7.15 and a beta of 0.83. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $6.11. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.08.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 7.52% and a negative return on equity of 79.84%. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal 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.