Vanguard Group Inc. Has $118.23 Million Stock Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• Vanguard Group Inc. reduced its stake in Brookdale Senior Living Inc. by 2.3% in the first quarter, now holding approximately 9.43% of the company's shares.
• Brookdale Senior Living reported a loss of ($0.18) earnings per share for the last quarter, falling short of estimates which had predicted a loss of ($0.14).
• Analysts have set target prices for Brookdale Senior Living, with Barclays at $8.00 and Royal Bank of Canada at $9.00, reflecting mixed ratings but an average consensus target of $7.80.

Vanguard Group Inc. cut its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,886,686 shares of the company's stock after selling 448,428 shares during the period. Vanguard Group Inc. owned approximately 9.43% of Brookdale Senior Living worth $118,231,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKD. MetLife Investment Management LLC lifted its stake in Brookdale Senior Living by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company's stock valued at $568,000 after acquiring an additional 1,953 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Brookdale Senior Living by 2.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company's stock valued at $674,000 after acquiring an additional 2,821 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Brookdale Senior Living by 2.2% during the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company's stock valued at $1,757,000 after acquiring an additional 5,949 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Brookdale Senior Living by 1,999.4% during the 1st 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. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Brookdale Senior Living during the 1st quarter valued at about $47,000.

Brookdale Senior Living Price Performance

Shares of NYSE BKD traded up $0.08 during mid-day trading on Tuesday, reaching $7.71. 567,752 shares of the company traded hands, compared to its average volume of 2,917,891. 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 debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $1.81 billion, a PE ratio of -7.34 and a beta of 0.87. The stock has a fifty day simple moving average of $7.34 and a 200-day simple moving average of $6.55.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on BKD shares. Barclays set a $8.00 target price on Brookdale Senior Living and gave the company an "equal weight" rating in a 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 reissued an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Brookdale Senior Living currently has a consensus rating of "Hold" and a consensus price target of $7.80.

Brookdale Senior Living Company 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.