Brookdale Senior Living Inc. (NYSE:BKD) Position Lowered by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC cut its stake in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 91.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,613 shares of the company's stock after selling 2,066,970 shares during the period. Waterfront Capital Partners LLC owned approximately 0.10% of Brookdale Senior Living worth $1,019,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $33,000. Cibc World Markets Corp purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $90,000. Illumine Investment Management LLC purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $101,000. Optimize Financial Inc purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $113,000. Finally, Retirement Income Solutions Inc purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $114,000.

Brookdale Senior Living Stock Up 1.3 %

NYSE:BKD traded up $0.08 on Monday, reaching $6.38. The stock had a trading volume of 2,663,992 shares, compared to its average volume of 2,357,095. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a 50-day moving average of $5.91 and a 200 day moving average of $5.56. The stock has a market cap of $1.28 billion, a P/E ratio of -7.17 and a beta of 0.87. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The company had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. On average, research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on BKD. Royal Bank of Canada reiterated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, April 10th. Macquarie reaffirmed an "outperform" rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Barclays boosted their price objective on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.50.

Brookdale Senior Living Company 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.