Trexquant Investment LP Invests $2.44 Million in Brookdale Senior Living Inc. $BKD

Key Points

• Trexquant Investment LP acquired 389,536 shares of Brookdale Senior Living, representing an investment of approximately $2.44 million, reflecting interest from institutional investors in the company.
• Brookdale Senior Living reported a loss of $0.18 earnings per share for the recent quarter, missing estimates and showing negative net margins.
• Analysts have mixed ratings on Brookdale Senior Living, with a target price range set at $7.80 to $9.00, indicating a cautious outlook on the stock's performance.

Trexquant Investment LP purchased a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 389,536 shares of the company's stock, valued at approximately $2,438,000. Trexquant Investment LP owned approximately 0.17% of Brookdale Senior Living at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Brookdale Senior Living by 124.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,095 shares of the company's stock worth $4,718,000 after buying an additional 428,802 shares in the last quarter. SG Americas Securities LLC boosted its position in Brookdale Senior Living by 180.4% during the first quarter. SG Americas Securities LLC now owns 167,382 shares of the company's stock valued at $1,048,000 after purchasing an additional 107,679 shares in the last quarter. Rhumbline Advisers boosted its position in Brookdale Senior Living by 2.2% during the first quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after purchasing an additional 5,949 shares in the last quarter. GAMMA Investing LLC boosted its position in Brookdale Senior Living by 1,999.4% during the first quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock valued at $45,000 after purchasing an additional 6,838 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Brookdale Senior Living by 7.7% during the first quarter. American Century Companies Inc. now owns 2,234,645 shares of the company's stock valued at $13,989,000 after purchasing an additional 159,098 shares in the last quarter.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $7.64 on Thursday. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $1.79 billion, a PE ratio of -7.28 and a beta of 0.91. The business has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $6.66. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.01.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $812.94 million during the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BKD. Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen raised Brookdale Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brookdale Senior Living has a consensus rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Profile

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.

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