Wellington Management Group LLP Has $52.69 Million Holdings in Brookdale Senior Living Inc. $BKD

Key Points

• Wellington Management Group LLP sold 1,499,877 shares of Brookdale Senior Living Inc., reducing its stake by 15.1%, leaving it with 8,416,172 shares valued at approximately $52.7 million.
• Brookdale Senior Living has a current market cap of $1.81 billion, with a recent stock price of $7.7150, showing a negative net margin of 7.60% and a negative return on equity of 107.19%.
• Analysts generally maintain a consensus rating of "Hold" for Brookdale Senior Living, with target prices ranging from $8.00 to $9.00 per share, indicating a mixed outlook on the stock's performance.

Wellington Management Group LLP cut its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,416,172 shares of the company's stock after selling 1,499,877 shares during the period. Wellington Management Group LLP owned approximately 3.59% of Brookdale Senior Living worth $52,685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BKD. GAMMA Investing LLC grew its holdings in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company's stock worth $45,000 after acquiring an additional 6,838 shares during the period. PNC Financial Services Group Inc. purchased a new position in Brookdale Senior Living in the first quarter valued at about $47,000. Lazard Asset Management LLC increased its holdings in Brookdale Senior Living by 6,029.2% in the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after buying an additional 9,707 shares during the last quarter. Crestline Management LP acquired a new position in Brookdale Senior Living in the fourth quarter valued at approximately $64,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $65,000.

Analyst Ratings Changes

A number of brokerages have recently commented 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. Royal Bank Of Canada restated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, July 9th. Finally, Wall Street Zen upgraded shares of Brookdale Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of "Hold" and an average target price of $7.80.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded up $0.07 during trading on Friday, hitting $7.71. 2,114,447 shares of the stock were exchanged, compared to its average volume of 2,921,756. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -7.34 and a beta of 0.87. The company has a fifty day moving average price of $7.41 and a 200-day moving average price of $6.61. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year 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.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $812.94 million for 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 predict that Brookdale Senior Living Inc. will post -0.56 EPS 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.