Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase - Here's Why

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report) saw strong trading volume on Thursday . 3,197,387 shares traded hands during mid-day trading, an increase of 57% from the previous session's volume of 2,030,186 shares.The stock last traded at $4.82 and had previously closed at $4.70.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on 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 research note on Friday, December 20th. Bank of America downgraded 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. Jefferies Financial Group began 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 for the company. Finally, Macquarie reissued 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 investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Stock Performance

The stock has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $6.08. The company has a market cap of $915.37 million, a P/E ratio of -4.99 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share 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 analyst estimates 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. On average, equities analysts forecast that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $33,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $81,000. Quest Partners LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter valued at approximately $104,000. Algert Global LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at about $124,000. Finally, Retirement Income Solutions Inc bought a new stake in shares of Brookdale Senior Living in the fourth quarter worth approximately $114,000.

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.