Brookdale Senior Living (NYSE:BKD) Shares Gap Up - Here's What Happened

Brookdale Senior Living Inc. (NYSE:BKD - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.30, but opened at $5.68. Brookdale Senior Living shares last traded at $5.26, with a volume of 546,266 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BKD shares. Royal Bank of Canada restated an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday. Macquarie restated an "outperform" rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Two research 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 company has an average rating of "Hold" and an average target price of $7.50.

Brookdale Senior Living Stock Performance

The firm has a market capitalization of $1.07 billion, a PE ratio of -6.06 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. The firm has a fifty day moving average price of $4.98 and a 200 day moving average price of $5.85.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 59.90%. The company had revenue of $780.95 million for the quarter, compared to analysts' expectations of $781.78 million. Research analysts anticipate that Brookdale Senior Living Inc. will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, the director now directly owns 211,382 shares of the company's stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its stake in Brookdale Senior Living by 261.7% in the 4th quarter. Mackenzie Financial Corp now owns 118,885 shares of the company's stock worth $598,000 after acquiring an additional 86,021 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Brookdale Senior Living by 16.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 573,786 shares of the company's stock worth $2,886,000 after purchasing an additional 79,264 shares during the last quarter. State of Wyoming increased its position in Brookdale Senior Living by 19.2% in the 4th quarter. State of Wyoming now owns 51,819 shares of the company's stock worth $261,000 after purchasing an additional 8,335 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Brookdale Senior Living in the 4th quarter worth about $80,000. Finally, Rush Island Management LP increased its position in Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company's stock worth $41,769,000 after purchasing an additional 3,187,294 shares during the last quarter.

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.