Assenagon Asset Management S.A. Takes $9.60 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,406,040 shares of the company's stock, valued at approximately $9,603,000. Assenagon Asset Management S.A. owned approximately 0.73% of Brookdale Senior Living at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pingora Partners LLC bought a new position in shares of Brookdale Senior Living during the fourth quarter valued at about $1,057,000. Vanguard Group Inc. increased its holdings in Brookdale Senior Living by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company's stock worth $105,058,000 after buying an additional 169,751 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Brookdale Senior Living by 70.5% during the first quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company's stock worth $14,504,000 after buying an additional 907,157 shares during the last quarter. Iron Triangle Partners LP raised its position in Brookdale Senior Living by 14.7% in the fourth quarter. Iron Triangle Partners LP now owns 4,859,607 shares of the company's stock worth $28,283,000 after acquiring an additional 623,479 shares during the period. Finally, Berylson Capital Partners LLC purchased a new position in Brookdale Senior Living in the fourth quarter valued at about $1,397,000.

Analysts Set New Price Targets

A number of research firms recently commented on BKD. Macquarie initiated coverage on shares of Brookdale Senior Living in a report on Friday, June 28th. They issued an "outperform" rating and a $7.50 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Monday, August 12th. Finally, StockNews.com cut Brookdale Senior Living from a "hold" rating to a "sell" rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.50.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock traded down $0.04 during trading hours on Friday, reaching $6.93. The company had a trading volume of 1,804,744 shares, compared to its average volume of 1,951,166. The firm has a market cap of $1.34 billion, a PE ratio of -9.00 and a beta of 1.31. Brookdale Senior Living Inc. has a one year low of $3.62 and a one year high of $8.12. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $6.66.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The company had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.72% and a negative net margin of 5.71%. During the same quarter last year, the business earned ($0.15) earnings per share. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current fiscal year.

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.