Assenagon Asset Management S.A. Sells 987,112 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. trimmed its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,099 shares of the company's stock after selling 987,112 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Brookdale Senior Living worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Adelante Capital Management LLC acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at about $12,076,000. Rush Island Management LP lifted its stake in Brookdale Senior Living by 31.9% in the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company's stock valued at $34,742,000 after acquiring an additional 1,237,727 shares during the last quarter. Wellington Management Group LLP grew its position in Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company's stock worth $53,144,000 after acquiring an additional 799,744 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth $3,998,000. Finally, Marshall Wace LLP raised its holdings in shares of Brookdale Senior Living by 35.4% during the 2nd quarter. Marshall Wace LLP now owns 1,936,781 shares of the company's stock valued at $13,228,000 after purchasing an additional 506,114 shares in the last quarter.

Brookdale Senior Living Price Performance

NYSE:BKD traded up $0.03 during mid-day trading on Thursday, hitting $4.91. The company's stock had a trading volume of 3,907,438 shares, compared to its average volume of 2,059,053. The company has a market capitalization of $977.13 million, a price-to-earnings ratio of -5.33 and a beta of 1.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.12. The stock has a fifty day moving average of $5.21 and a 200-day moving average of $6.23.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter last year, the business earned ($0.22) EPS. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.68 EPS for the current fiscal year.

Insider Activity

In other news, Director Lee S. Wielansky sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now directly owns 211,382 shares of the company's stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BKD shares. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price objective for the company. Bank of America lowered Brookdale Senior Living from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Macquarie restated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.