Wellington Management Group LLP Raises Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Wellington Management Group LLP grew its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,826,807 shares of the company's stock after buying an additional 799,744 shares during the quarter. Wellington Management Group LLP owned approximately 3.93% of Brookdale Senior Living worth $53,144,000 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. Rush Island Management LP raised its holdings in shares of 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 worth $34,742,000 after buying an additional 1,237,727 shares during the period. American Century Companies Inc. boosted its position in shares of Brookdale Senior Living by 63.6% in the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Victory Capital Management Inc. lifted its position in Brookdale Senior Living by 5.5% during 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 during the period. Marshall Wace LLP raised its stake 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 buying an additional 506,114 shares during the last quarter. Finally, Vision Capital Corp raised its stake in shares of Brookdale Senior Living by 27.8% during the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock valued at $12,483,000 after buying an additional 400,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BKD. Royal Bank of Canada restated an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Macquarie restated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America cut Brookdale Senior Living from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.75.

Insider Buying and Selling at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Brookdale Senior Living Trading Down 1.5 %

NYSE BKD traded down $0.08 on Thursday, reaching $5.35. The stock had a trading volume of 706,957 shares, compared to its average volume of 2,020,519. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -5.91 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The stock has a fifty day moving average price of $5.84 and a two-hundred day moving average price of $6.59.

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

About Brookdale Senior Living

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.