Victory Capital Management Inc. raised its position in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,765,590 shares of the company's stock after purchasing an additional 145,283 shares during the quarter. Victory Capital Management Inc. owned 1.39% of Brookdale Senior Living worth $18,778,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living during the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $52,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $81,000. Finally, Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after purchasing an additional 2,790 shares in the last quarter.
Brookdale Senior Living Price Performance
Shares of Brookdale Senior Living stock traded up $0.02 during trading hours on Tuesday, reaching $5.20. The stock had a trading volume of 2,913,454 shares, compared to its average volume of 2,049,947. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a twelve month low of $5.08 and a twelve month high of $8.12. The stock's 50 day moving average is $6.21 and its 200 day moving average is $6.75. The firm has a market capitalization of $1.04 billion, a PE ratio of -5.65 and a beta of 1.32.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last announced its 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 business 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 in the previous year, the company earned ($0.22) earnings per share. Equities analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on BKD. Bank of America lowered shares of Brookdale Senior Living from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a "buy" rating and a $8.00 target price for the company. Finally, Macquarie reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.75.
Get Our Latest Analysis on BKD
About Brookdale Senior Living
(
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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