Principal Financial Group Inc. Increases Position in Brookdale Senior Living Inc. (NYSE:BKD)

Principal Financial Group Inc. raised its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 449.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,531 shares of the company's stock after purchasing an additional 111,686 shares during the period. Principal Financial Group Inc. owned 0.07% of Brookdale Senior Living worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. nVerses Capital LLC bought a new position in Brookdale Senior Living in the second quarter worth $25,000. Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $26,000. Sei Investments Co. bought a new stake in shares of Brookdale Senior Living in the second quarter worth about $81,000. Quest Partners LLC bought a new position in shares of Brookdale Senior Living in the 3rd quarter valued at about $104,000. Finally, Algert Global LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at $124,000.

Brookdale Senior Living Price Performance

NYSE:BKD traded up $0.07 during trading hours on Friday, reaching $5.13. 1,219,067 shares of the company were exchanged, compared to its average volume of 1,435,033. Brookdale Senior Living Inc. has a twelve month low of $4.89 and a twelve month high of $8.12. 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 stock's 50-day moving average is $5.49 and its 200-day moving average is $6.40. The firm has a market cap of $1.02 billion, a PE ratio of -5.58 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The firm had revenue of $784.17 million during the quarter, compared to analysts' expectations of $785.61 million. During the same period last year, the company earned ($0.22) EPS. On average, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated 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 owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price target for the company. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased 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, Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.