Polar Asset Management Partners Inc. Takes Position in Brookdale Senior Living Inc. (NYSE:BKD)

Polar Asset Management Partners Inc. bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 259,500 shares of the company's stock, valued at approximately $1,762,000. Polar Asset Management Partners Inc. owned about 0.13% of Brookdale Senior Living as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BKD. Cinctive Capital Management LP bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at about $834,000. Adelante Capital Management LLC acquired a new stake in shares of Brookdale Senior Living during the 3rd quarter worth approximately $12,076,000. Josh Arnold Investment Consultant LLC lifted its holdings in shares of Brookdale Senior Living by 38.9% in the 3rd quarter. Josh Arnold Investment Consultant LLC now owns 125,000 shares of the company's stock worth $849,000 after purchasing an additional 35,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Brookdale Senior Living by 35.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 794,800 shares of the company's stock valued at $5,397,000 after purchasing an additional 209,400 shares during the period. Finally, Quantbot Technologies LP bought a new position in Brookdale Senior Living during the 3rd quarter worth $218,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group started coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a "buy" rating and a $8.00 price target on the stock. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.75.

Brookdale Senior Living Price Performance

BKD stock traded down $0.05 on Friday, hitting $5.55. 1,639,162 shares of the company's stock traded hands, compared to its average volume of 2,029,417. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -6.03 and a beta of 1.29. Brookdale Senior Living Inc. has a 1-year low of $5.08 and a 1-year high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a fifty day moving average of $5.93 and a 200-day moving average of $6.63.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter in the previous year, the business earned ($0.22) earnings per share. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Insider Transactions at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

About Brookdale Senior Living

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.