Arrowstreet Capital Limited Partnership Sells 1,122,057 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 32.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,346,556 shares of the company's stock after selling 1,122,057 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.18% of Brookdale Senior Living worth $11,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKD. R Squared Ltd bought a new stake in Brookdale Senior Living during the 4th quarter valued at $33,000. Cibc World Markets Corp bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth $90,000. Illumine Investment Management LLC bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth $101,000. Retirement Income Solutions Inc bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth $114,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth $165,000.

Brookdale Senior Living Price Performance

NYSE BKD traded up $0.04 on Thursday, reaching $5.93. 471,385 shares of the company's stock traded hands, compared to its average volume of 2,845,286. 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 current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $5.58. The stock has a market cap of $1.19 billion, a PE ratio of -6.66 and a beta of 0.87.

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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) 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 business had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. As a group, research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on BKD. Barclays started coverage on shares of Brookdale Senior Living in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $7.00 target price for the company. Macquarie reissued an "outperform" rating and issued a $8.00 price target 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Brookdale Senior Living presently has a consensus rating of "Hold" and a consensus 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.