Renaissance Technologies LLC Lowers Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Renaissance Technologies LLC trimmed its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,102,202 shares of the company's stock after selling 435,718 shares during the period. Renaissance Technologies LLC owned 3.06% of Brookdale Senior Living worth $30,694,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BKD. Principal Financial Group Inc. grew its holdings in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company's stock worth $927,000 after buying an additional 111,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Brookdale Senior Living in the 3rd quarter valued at about $1,775,000. Hedges Asset Management LLC grew its stake in Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company's stock worth $1,333,000 after buying an additional 58,000 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company's stock worth $7,543,000 after purchasing an additional 95,700 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Brookdale Senior Living by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,445 shares of the company's stock worth $1,388,000 after buying an additional 40,433 shares in the last quarter.

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Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays began coverage on Brookdale Senior Living in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $7.00 price objective for the company. Macquarie reiterated an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of "Hold" and a consensus target price of $7.40.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock traded down $0.05 during trading on Tuesday, hitting $6.20. 3,870,874 shares of the company were exchanged, compared to its average volume of 2,306,527. The firm has a 50 day moving average price of $5.71 and a 200 day moving average price of $5.56. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -6.96 and a beta of 0.87. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $780.95 million during the quarter, compared to analysts' expectations of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. On average, equities analysts expect 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.