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

Allspring Global Investments Holdings LLC decreased its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 43.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 601,385 shares of the company's stock after selling 455,917 shares during the period. Allspring Global Investments Holdings LLC owned 0.31% of Brookdale Senior Living worth $4,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Brookdale Senior Living by 1.2% in 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 during the period. Iron Triangle Partners LP boosted its stake in shares of Brookdale Senior Living by 21.4% in 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 during the period. American Century Companies Inc. boosted its stake in shares of Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company's stock worth $21,582,000 after acquiring an additional 1,228,473 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Brookdale Senior Living by 70.5% in the first quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company's stock worth $14,504,000 after acquiring an additional 907,157 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Brookdale Senior Living by 35.4% in the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company's stock worth $13,228,000 after acquiring an additional 506,114 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKD. Royal Bank of Canada restated an "outperform" rating and set a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a "buy" rating and a $8.00 price target on the stock. Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Bank of America cut shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living presently has an average rating of "Hold" and a consensus price target of $7.75.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock traded down $0.05 during trading hours on Tuesday, reaching $6.26. The company's stock had a trading volume of 1,261,898 shares, compared to its average volume of 2,041,020. The firm has a 50 day moving average price of $6.59 and a 200-day moving average price of $6.86. Brookdale Senior Living Inc. has a one year low of $3.66 and a one year high of $8.12. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $1.21 billion, a P/E ratio of -8.13 and a beta of 1.31.

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