JPMorgan Chase & Co. Increases Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

JPMorgan Chase & Co. grew its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 247.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 710,014 shares of the company's stock after purchasing an additional 505,569 shares during the period. JPMorgan Chase & Co. owned about 0.36% of Brookdale Senior Living worth $3,571,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Brookdale Senior Living in the fourth quarter worth $33,000. Cibc World Markets Corp purchased a new position in Brookdale Senior Living in the fourth quarter valued at $90,000. Illumine Investment Management LLC acquired a new position in Brookdale Senior Living during the 4th quarter worth $101,000. Retirement Income Solutions Inc purchased a new stake in Brookdale Senior Living during the 4th quarter worth about $114,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Brookdale Senior Living in the 4th quarter valued at about $165,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKD. Macquarie restated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Barclays increased their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.50.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded down $0.01 during trading on Friday, reaching $6.24. The company's stock had a trading volume of 479,320 shares, compared to its average volume of 2,346,255. The company has a 50-day moving average price of $5.87 and a two-hundred day moving average price of $5.55. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The firm has a market cap of $1.25 billion, a PE ratio of -7.02 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The company had revenue of $780.95 million during the quarter, compared to analysts' expectations of $781.78 million. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS 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.