Rush Island Management LP increased its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 31.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,116,632 shares of the company's stock after purchasing an additional 1,237,727 shares during the quarter. Brookdale Senior Living accounts for 2.7% of Rush Island Management LP's holdings, making the stock its 13th biggest position. Rush Island Management LP owned approximately 2.57% of Brookdale Senior Living worth $34,742,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Brookdale Senior Living in the second quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new position in Brookdale Senior Living during the second quarter worth about $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth approximately $81,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Brookdale Senior Living in the second quarter valued at about $100,000.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Macquarie reissued an "outperform" rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a "buy" rating and a $8.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Bank of America downgraded Brookdale Senior Living from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.75.
Read Our Latest Analysis on BKD
Brookdale Senior Living Price Performance
Shares of BKD traded down $0.08 during trading hours on Thursday, hitting $5.60. 3,864,961 shares of the company were exchanged, compared to its average volume of 2,031,078. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $8.12. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -6.09 and a beta of 1.29. The firm's fifty day moving average is $5.93 and its 200 day moving average is $6.63.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same quarter in the previous year, the company earned ($0.22) earnings per share. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.
Brookdale Senior Living Company Profile
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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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