Barclays PLC Purchases 249,318 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Barclays PLC raised its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 339.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,667 shares of the company's stock after purchasing an additional 249,318 shares during the period. Barclays PLC owned 0.16% of Brookdale Senior Living worth $2,192,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. nVerses Capital LLC bought a new position in Brookdale Senior Living in the 2nd quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Brookdale Senior Living in the second quarter worth $26,000. Innealta Capital LLC purchased a new position in shares of Brookdale Senior Living in the second quarter valued at $52,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living in the second quarter valued at $81,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $100,000.

Brookdale Senior Living Price Performance

Shares of NYSE BKD traded up $0.06 during midday trading on Thursday, hitting $5.13. 1,065,184 shares of the company's stock were exchanged, compared to its average volume of 2,011,590. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The business's fifty day moving average price is $5.66 and its two-hundred day moving average price is $6.48. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29. Brookdale Senior Living Inc. has a 12-month low of $4.89 and a 12-month high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million during the quarter, compared to analysts' expectations 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 period in the prior year, the firm earned ($0.22) EPS. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BKD shares. Macquarie restated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a "buy" rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.50.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now owns 211,382 shares in the company, valued at $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.

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.