Allspring Global Investments Holdings LLC Raises Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC boosted its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 24.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,057,302 shares of the company's stock after purchasing an additional 209,854 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.55% of Brookdale Senior Living worth $7,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Brookdale Senior Living by 1.2% during the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company's stock worth $120,774,000 after acquiring an additional 220,199 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Brookdale Senior Living by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company's stock worth $54,191,000 after acquiring an additional 742,822 shares in the last quarter. Iron Triangle Partners LP raised its stake in shares of Brookdale Senior Living by 21.4% during the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company's stock worth $38,986,000 after acquiring an additional 1,038,353 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Brookdale Senior Living during the fourth quarter worth approximately $28,961,000. Finally, Waterfront Capital Partners LLC raised its stake in shares of Brookdale Senior Living by 36.5% during the fourth quarter. Waterfront Capital Partners LLC now owns 2,765,004 shares of the company's stock worth $16,092,000 after acquiring an additional 740,004 shares in the last quarter.

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Wall Street Analyst Weigh In

Several research analysts have commented on BKD shares. Royal Bank of Canada reissued an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Monday, August 12th. Macquarie started coverage on shares of Brookdale Senior Living in a research note on Friday, June 28th. They issued an "outperform" rating and a $7.50 target price on the stock. Finally, StockNews.com downgraded shares of Brookdale Senior Living from a "hold" rating to a "sell" rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Brookdale Senior Living presently has a consensus rating of "Hold" and a consensus target price of $7.50.

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Brookdale Senior Living Stock Performance

Shares of NYSE BKD remained flat at $7.11 during mid-day trading on Friday. 1,164,261 shares of the company traded hands, compared to its average volume of 2,080,362. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living Inc. has a 12 month low of $3.62 and a 12 month high of $8.12. The business's 50-day moving average price is $7.25 and its 200 day moving average price is $6.77. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -9.23 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter in the prior year, the business posted ($0.15) EPS. Equities research analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

About Brookdale Senior Living

(Free Report)

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.

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