Allspring Global Investments Holdings LLC Acquires 477,169 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC lifted its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 3,897.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,413 shares of the company's stock after acquiring an additional 477,169 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.26% of Brookdale Senior Living worth $2,848,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Brookdale Senior Living by 17.9% in the first quarter. JPMorgan Chase & Co. now owns 145,228 shares of the company's stock worth $1,024,000 after buying an additional 22,056 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Brookdale Senior Living by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 842,347 shares of the company's stock worth $5,940,000 after buying an additional 14,393 shares during the period. American Century Companies Inc. boosted its position in shares of Brookdale Senior Living by 6.2% in the first quarter. American Century Companies Inc. now owns 88,498 shares of the company's stock worth $624,000 after buying an additional 5,203 shares during the period. MetLife Investment Management LLC boosted its position in shares of Brookdale Senior Living by 70.6% in the first quarter. MetLife Investment Management LLC now owns 101,140 shares of the company's stock worth $713,000 after buying an additional 41,847 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Brookdale Senior Living by 25.7% in the first quarter. BlackRock Inc. now owns 30,796,560 shares of the company's stock worth $217,115,000 after buying an additional 6,299,168 shares during the period.

Brookdale Senior Living Stock Down 0.6 %

Shares of NYSE:BKD traded down $0.04 during midday trading on Friday, hitting $6.48. 1,202,749 shares of the stock were exchanged, compared to its average volume of 1,808,922. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.80 and a current ratio of 0.80. Brookdale Senior Living Inc. has a 52-week low of $3.33 and a 52-week high of $7.05. The business's fifty day simple moving average is $6.19 and its two-hundred day simple moving average is $5.46. The company has a market capitalization of $1.23 billion, a PE ratio of -7.71 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.21). Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. The firm had revenue of $754.48 million for the quarter. As a group, research analysts predict that Brookdale Senior Living Inc. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TheStreet raised Brookdale Senior Living from a "d+" rating to a "c-" rating in a research report on Friday, December 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Tuesday, April 9th.

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.