Rush Island Management LP increased its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 62.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,303,926 shares of the company's stock after acquiring an additional 3,187,294 shares during the quarter. Brookdale Senior Living comprises about 2.8% of Rush Island Management LP's investment portfolio, making the stock its 11th biggest holding. Rush Island Management LP owned about 4.17% of Brookdale Senior Living worth $41,769,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Brookdale Senior Living during the 4th quarter valued at about $33,000. Lazard Asset Management LLC increased its stake in Brookdale Senior Living by 6,029.2% during the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company's stock valued at $49,000 after purchasing an additional 9,707 shares in the last quarter. Crestline Management LP bought a new stake in Brookdale Senior Living during the 4th quarter valued at about $64,000. Freestone Grove Partners LP bought a new stake in Brookdale Senior Living during the 4th quarter valued at about $65,000. Finally, Cibc World Markets Corp bought a new stake in Brookdale Senior Living during the 4th quarter valued at about $90,000.
Brookdale Senior Living Stock Performance
Shares of NYSE BKD opened at $6.84 on Friday. The firm's 50-day moving average price is $6.17 and its 200-day moving average price is $5.61. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market cap of $1.60 billion, a PE ratio of -7.69 and a beta of 0.83. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Barclays raised 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 note on Wednesday, April 16th. Macquarie restated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada raised their price objective on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of "Hold" and a consensus target price of $7.70.
Read Our Latest Stock Report on BKD
About Brookdale Senior Living
(
Free Report)
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.
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