Rush Island Management LP Raises Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Rush Island Management LP raised its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 62.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,303,926 shares of the company's stock after purchasing an additional 3,187,294 shares during the quarter. Brookdale Senior Living accounts for approximately 2.8% of Rush Island Management LP's holdings, making the stock its 11th biggest holding. Rush Island Management LP owned approximately 4.17% of Brookdale Senior Living worth $41,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKD. Barclays PLC increased its holdings in shares of Brookdale Senior Living by 339.9% in the 3rd quarter. Barclays PLC now owns 322,667 shares of the company's stock valued at $2,192,000 after acquiring an additional 249,318 shares during the period. JPMorgan Chase & Co. lifted its stake in Brookdale Senior Living by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,445 shares of the company's stock valued at $1,388,000 after acquiring an additional 40,433 shares during the period. Hennessy Advisors Inc. lifted its position in Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company's stock valued at $7,543,000 after purchasing an additional 95,700 shares during the period. SG Americas Securities LLC boosted its stake in shares of Brookdale Senior Living by 38.7% in the fourth quarter. SG Americas Securities LLC now owns 59,703 shares of the company's stock worth $300,000 after buying an additional 16,650 shares during the last quarter. Finally, Hedges Asset Management LLC grew its stake in shares of Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company's stock worth $1,333,000 after purchasing an additional 58,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Macquarie restated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Royal Bank of Canada raised their price objective on Brookdale Senior Living from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Barclays upped their target price on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $7.70.

Brookdale Senior Living Price Performance

Shares of BKD stock traded down $0.15 during trading hours on Wednesday, reaching $6.58. The company had a trading volume of 798,464 shares, compared to its average volume of 2,392,319. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -7.40 and a beta of 0.83. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $5.61.

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

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.