Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 40.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,640,886 shares of the company's stock after purchasing an additional 475,268 shares during the period. First Eagle Investment Management LLC owned 0.82% of Brookdale Senior Living worth $8,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BKD. ANTIPODES PARTNERS Ltd increased its position in shares of Brookdale Senior Living by 86.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock worth $38,031,000 after purchasing an additional 3,507,044 shares during the last quarter. Adelante Capital Management LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter worth about $12,076,000. Rush Island Management LP grew its position in shares of Brookdale Senior Living by 31.9% during the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company's stock valued at $34,742,000 after buying an additional 1,237,727 shares during the last quarter. Wellington Management Group LLP raised its stake in Brookdale Senior Living by 11.4% during the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company's stock worth $53,144,000 after acquiring an additional 799,744 shares during the period. Finally, Vision Capital Corp raised its stake in Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock worth $12,483,000 after acquiring an additional 400,000 shares during the period.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $7.50.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD traded up $0.03 during trading hours on Wednesday, hitting $6.13. The stock had a trading volume of 1,666,155 shares, compared to its average volume of 2,097,843. The stock's fifty day simple moving average is $5.24 and its 200 day simple moving average is $5.67. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.88 and a beta of 1.31. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly 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 65.92%. The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Brookdale Senior Living 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.