Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,768,632 shares of the company's stock after purchasing an additional 233,158 shares during the quarter. Penn Capital Management Company LLC owned 0.89% of Brookdale Senior Living worth $8,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Brookdale Senior Living Stock Performance

Shares of BKD stock traded up $0.14 during trading hours on Tuesday, hitting $6.51. The company's stock had a trading volume of 1,221,486 shares, compared to its average volume of 2,353,389. The stock has a market cap of $1.30 billion, a PE ratio of -7.30 and a beta of 0.87. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12. The company has a 50 day moving average of $5.91 and a 200 day moving average of $5.56. 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 quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $781.78 million. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analyst Ratings Changes

BKD has been the topic of a number of analyst reports. Barclays lifted their price objective on 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. Royal Bank of Canada reissued an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Finally, Macquarie reissued an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.50.

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.