New York State Common Retirement Fund Grows Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

New York State Common Retirement Fund raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,324,478 shares of the company's stock after buying an additional 213,512 shares during the period. New York State Common Retirement Fund owned about 0.66% of Brookdale Senior Living worth $6,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position 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 valued at $53,144,000 after acquiring an additional 799,744 shares during the last quarter. Rush Island Management LP increased 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 purchasing an additional 1,237,727 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company's stock worth $29,648,000 after purchasing an additional 89,344 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Brookdale Senior Living by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company's stock worth $18,778,000 after buying an additional 145,283 shares during the last quarter. Finally, Vision Capital Corp grew its position 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 valued at $12,483,000 after buying an additional 400,000 shares during the period.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie restated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.50.

Insider Activity at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares of the company's stock, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Brookdale Senior Living Price Performance

Shares of BKD stock traded down $0.16 on Friday, hitting $5.71. 2,680,614 shares of the stock traded hands, compared to its average volume of 2,429,459. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.12. The firm has a 50 day simple moving average of $5.05 and a two-hundred day simple moving average of $5.78. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -6.41 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.21). The business had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, equities research analysts predict 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.