Cinctive Capital Management LP Invests $834,000 in Brookdale Senior Living Inc. (NYSE:BKD)

Cinctive Capital Management LP purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 122,891 shares of the company's stock, valued at approximately $834,000. Cinctive Capital Management LP owned 0.06% of Brookdale Senior Living as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $26,000. Innealta Capital LLC purchased a new position in Brookdale Senior Living during the 2nd quarter valued at about $52,000. Sei Investments Co. acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $100,000.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded up $0.17 during trading on Wednesday, hitting $5.68. 2,093,661 shares of the stock were exchanged, compared to its average volume of 2,023,135. The stock's fifty day moving average is $5.95 and its 200 day moving average is $6.64. The stock has a market cap of $1.13 billion, a PE ratio of -6.17 and a beta of 1.29. 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 Inc. has a 12 month low of $5.08 and a 12 month high of $8.12.

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 company had revenue of $784.17 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned ($0.22) EPS. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America cut shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. 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. Royal Bank of Canada reissued an "outperform" rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Jefferies Financial Group began coverage on shares of 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.75.

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.