American Century Companies Inc. Lowers Position in Brookdale Senior Living Inc. (NYSE:BKD)

American Century Companies Inc. reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 9.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,075,547 shares of the company's stock after selling 206,151 shares during the period. American Century Companies Inc. owned approximately 1.04% of Brookdale Senior Living worth $10,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new position in Brookdale Senior Living during the fourth quarter worth $33,000. Cibc World Markets Corp purchased a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $90,000. Illumine Investment Management LLC acquired a new stake in Brookdale Senior Living in the 4th quarter valued at about $101,000. Retirement Income Solutions Inc purchased a new position in Brookdale Senior Living during the 4th quarter valued at about $114,000. Finally, Quantbot Technologies LP acquired a new position in Brookdale Senior Living during the third quarter worth about $218,000.

Brookdale Senior Living Trading Down 3.7 %

NYSE BKD traded down $0.22 during mid-day trading on Monday, reaching $5.59. 3,617,120 shares of the stock were exchanged, compared to its average volume of 2,252,593. The stock has a market capitalization of $1.12 billion, a PE ratio of -6.28 and a beta of 0.87. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12. The business's fifty day simple moving average is $5.54 and its 200 day simple moving average is $5.60.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays began coverage on shares of Brookdale Senior Living in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $7.00 price target on the stock. Macquarie reiterated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.40.

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.