First Trust Advisors LP Cuts Stake in Brookdale Senior Living Inc. (NYSE:BKD)

First Trust Advisors LP cut its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 23.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 534,542 shares of the company's stock after selling 165,756 shares during the period. First Trust Advisors LP owned approximately 0.27% of Brookdale Senior Living worth $2,689,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. R Squared Ltd purchased a new position in Brookdale Senior Living in the 4th quarter worth about $33,000. Cibc World Markets Corp bought a new position in Brookdale Senior Living during the fourth quarter valued at approximately $90,000. Illumine Investment Management LLC purchased a new stake in Brookdale Senior Living in the fourth quarter worth approximately $101,000. Optimize Financial Inc bought a new stake in Brookdale Senior Living in the 4th quarter worth approximately $113,000. Finally, Retirement Income Solutions Inc purchased a new stake in Brookdale Senior Living during the 4th quarter valued at $114,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKD shares. Barclays raised their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Macquarie reissued an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy 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 $7.70.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD traded up $0.23 during trading on Friday, hitting $6.89. The company had a trading volume of 1,874,470 shares, compared to its average volume of 2,374,635. The stock has a 50 day simple moving average of $6.06 and a 200 day simple moving average of $5.58. The firm has a market capitalization of $1.38 billion, a P/E ratio of -7.74 and a beta of 0.83. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

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.