Teachers Retirement System of The State of Kentucky Invests $1.78 Million in Brookdale Senior Living Inc. (NYSE:BKD)

Teachers Retirement System of The State of Kentucky bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 261,487 shares of the company's stock, valued at approximately $1,775,000. Teachers Retirement System of The State of Kentucky owned approximately 0.13% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living in the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $52,000. Sei Investments Co. bought a new stake in shares of Brookdale Senior Living during the second quarter worth $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Brookdale Senior Living during the second quarter worth $100,000.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD remained flat at $5.25 during midday trading on Tuesday. The company had a trading volume of 1,551,683 shares, compared to its average volume of 2,015,388. Brookdale Senior Living Inc. has a twelve month low of $5.08 and a twelve month high of $8.12. The firm has a market capitalization of $1.05 billion, a PE ratio of -5.71 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company's fifty day moving average is $5.79 and its 200 day moving average is $6.56.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $784.17 million for 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 period last year, the firm earned ($0.22) EPS. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.