JPMorgan Chase & Co. Boosts Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

JPMorgan Chase & Co. boosted its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 247.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 710,014 shares of the company's stock after purchasing an additional 505,569 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of Brookdale Senior Living worth $3,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ANTIPODES PARTNERS Ltd lifted its position in Brookdale Senior Living by 86.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock valued at $38,031,000 after purchasing an additional 3,507,044 shares during the last quarter. Geode Capital Management LLC increased its stake in Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company's stock worth $29,648,000 after acquiring an additional 89,344 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Brookdale Senior Living by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,017,897 shares of the company's stock valued at $15,180,000 after purchasing an additional 64,814 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Brookdale Senior Living by 40.8% in the 4th quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company's stock worth $8,254,000 after purchasing an additional 475,268 shares during the period. Finally, Hennessy Advisors Inc. increased its position in shares of Brookdale Senior Living by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company's stock valued at $7,543,000 after purchasing an additional 95,700 shares during the last quarter.

Brookdale Senior Living Stock Up 0.6 %

Shares of BKD traded up $0.04 during mid-day trading on Thursday, hitting $6.25. The company's stock had a trading volume of 1,517,577 shares, compared to its average volume of 2,347,170. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -7.01 and a beta of 0.87. The company's 50-day moving average is $5.85 and its 200-day moving average is $5.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its earnings results 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 return on equity of 65.92% and a negative net margin of 6.46%. The company had revenue of $780.95 million for the quarter, compared to analysts' expectations of $781.78 million. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BKD. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Barclays increased their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.