Short Interest in Brookdale Senior Living Inc. (NYSE:BKD) Declines By 8.4%

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 8,850,000 shares, a decrease of 8.4% from the November 15th total of 9,660,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 5.1% of the company's shares are sold short.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were 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 $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

Institutional Trading of Brookdale Senior Living

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in shares of 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 valued at $53,144,000 after purchasing an additional 799,744 shares in the last quarter. Rush Island Management LP lifted its holdings in Brookdale Senior Living by 31.9% during the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company's stock valued at $34,742,000 after purchasing an additional 1,237,727 shares during the last quarter. Geode Capital Management LLC grew its stake in Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company's stock worth $29,648,000 after buying an additional 89,344 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Brookdale Senior Living by 63.6% during the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock worth $21,582,000 after buying an additional 1,228,473 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Brookdale Senior Living by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock worth $18,778,000 after acquiring an additional 145,283 shares in the last quarter.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of analyst reports. Bank of America cut Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group started coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a "buy" rating and a $8.00 price target on the stock. Finally, Macquarie reaffirmed an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Brookdale Senior Living presently has an average rating of "Hold" and a consensus price target of $7.75.

Brookdale Senior Living Trading Down 0.4 %

BKD traded down $0.02 on Monday, reaching $5.25. 1,354,046 shares of the company's stock were exchanged, compared to its average volume of 2,017,304. The company's 50 day moving average is $5.79 and its 200-day moving average is $6.56. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -5.71 and a beta of 1.29. Brookdale Senior Living has a twelve month low of $5.08 and a twelve month high of $8.12. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

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 (EPS) 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 for the quarter, compared to analyst estimates of $785.61 million. During the same period in the prior year, the company posted ($0.22) earnings per share. Equities analysts predict that Brookdale Senior Living will post -0.7 earnings per share for the current year.

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.