Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 41.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 376,519 shares of the company's stock after acquiring an additional 110,130 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Brookdale Senior Living worth $2,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at about $104,000. Victory Capital Management Inc. boosted its holdings 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 valued at $18,778,000 after acquiring an additional 145,283 shares during the period. Aigen Investment Management LP grew its holdings in shares of Brookdale Senior Living by 69.5% in the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company's stock worth $176,000 after purchasing an additional 10,647 shares during the last quarter. Atria Investments Inc grew its stake in Brookdale Senior Living by 68.6% in the 3rd quarter. Atria Investments Inc now owns 41,469 shares of the company's stock worth $282,000 after acquiring an additional 16,878 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Brookdale Senior Living by 449.5% during the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock worth $927,000 after purchasing an additional 111,686 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on BKD. Macquarie reiterated an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Royal Bank of Canada restated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America cut Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price objective on the stock. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.75.

Brookdale Senior Living Trading Up 1.5 %

NYSE:BKD traded up $0.08 on Monday, hitting $5.56. The stock had a trading volume of 1,807,976 shares, compared to its average volume of 2,040,883. The company has a fifty day moving average price of $6.13 and a two-hundred day moving average price of $6.72. Brookdale Senior Living Inc. has a 1-year low of $5.08 and a 1-year high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -6.04 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted 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). The business 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 quarter in the prior year, the firm earned ($0.22) EPS. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share 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.