Intech Investment Management LLC Increases Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Intech Investment Management LLC lifted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 87.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,746 shares of the company's stock after purchasing an additional 52,587 shares during the quarter. Intech Investment Management LLC owned 0.06% of Brookdale Senior Living worth $567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at approximately $104,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Brookdale Senior Living by 41.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 376,519 shares of the company's stock valued at $2,557,000 after buying an additional 110,130 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the third quarter worth approximately $515,000. Vision Capital Corp boosted its holdings in Brookdale Senior Living by 27.8% in the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company's stock valued at $12,483,000 after acquiring an additional 400,000 shares during the last quarter. Finally, FMR LLC increased its position in Brookdale Senior Living by 25.3% during the 3rd quarter. FMR LLC now owns 180,045 shares of the company's stock valued at $1,223,000 after purchasing an additional 36,302 shares during the period.

Brookdale Senior Living Stock Up 3.8 %

Shares of BKD traded up $0.23 during trading hours on Friday, reaching $6.14. The stock had a trading volume of 3,229,202 shares, compared to its average volume of 2,203,226. The firm has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $5.64. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.89 and a beta of 1.31.

Remove Ads

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Equities research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BKD has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reiterated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has an average rating of "Hold" and an average target price of $7.50.

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.