Y Intercept Hong Kong Ltd Lowers Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Y Intercept Hong Kong Ltd decreased its position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 79.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,372 shares of the company's stock after selling 104,948 shares during the period. Y Intercept Hong Kong Ltd's holdings in Brookdale Senior Living were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mackenzie Financial Corp increased its position in shares of Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company's stock worth $218,000 after acquiring an additional 2,697 shares during the period. Principal Financial Group Inc. grew its holdings in Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company's stock worth $170,000 after acquiring an additional 3,390 shares in the last quarter. nVerses Capital LLC purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at about $26,000. Finally, SG Americas Securities LLC lifted its position in shares of Brookdale Senior Living by 13.8% in the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company's stock worth $292,000 after purchasing an additional 5,208 shares during the period.

Brookdale Senior Living Stock Up 2.6 %

NYSE BKD traded up $0.13 during trading on Friday, hitting $5.13. The company's stock had a trading volume of 3,336,612 shares, compared to its average volume of 2,022,626. Brookdale Senior Living Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $1.02 billion, a PE ratio of -5.58 and a beta of 1.29. The business's 50 day simple moving average is $5.75 and its 200-day simple moving average is $6.53.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its 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). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The company had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same quarter last year, the business earned ($0.22) earnings per share. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BKD shares. Bank of America lowered 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. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday. Finally, Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Insider Activity

In other news, Director Lee S. Wielansky sold 10,000 shares of the company's 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 directly owns 211,382 shares of the company's stock, valued at $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

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.