Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Healthcare of Ontario Pension Plan Trust Fund grew its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 35.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 794,800 shares of the company's stock after purchasing an additional 209,400 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.40% of Brookdale Senior Living worth $5,397,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Brookdale Senior Living in the second quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living during the second quarter worth $26,000. Innealta Capital LLC acquired a new stake in Brookdale Senior Living in the second quarter worth $52,000. Sei Investments Co. bought a new stake in Brookdale Senior Living in the second quarter valued at $81,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 shares during the period.

Wall Street Analyst Weigh In

BKD has been the subject of a number of research analyst reports. Macquarie reaffirmed an "outperform" rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group started coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a "buy" rating and a $8.00 price target for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of "Hold" and an average price target of $7.75.

Brookdale Senior Living Stock Up 1.6 %

Brookdale Senior Living stock traded up $0.09 during midday trading on Friday, hitting $5.68. 648,321 shares of the stock were exchanged, compared to its average volume of 2,029,463. Brookdale Senior Living Inc. has a 52-week low of $5.08 and a 52-week 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 business's 50-day moving average price is $6.02 and its 200-day moving average price is $6.67. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -6.21 and a beta of 1.32.

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 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 return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.7 EPS 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.