Wellington Management Group LLP Purchases 2,089,242 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Wellington Management Group LLP grew its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,916,049 shares of the company's stock after acquiring an additional 2,089,242 shares during the period. Wellington Management Group LLP owned 4.98% of Brookdale Senior Living worth $49,878,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. ANTIPODES PARTNERS Ltd raised its position in Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company's stock worth $38,031,000 after acquiring an additional 3,507,044 shares during the period. Geode Capital Management LLC raised its position in shares of Brookdale Senior Living by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company's stock valued at $29,648,000 after purchasing an additional 89,344 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Brookdale Senior Living by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,017,897 shares of the company's stock valued at $15,180,000 after purchasing an additional 64,814 shares during the period. First Eagle Investment Management LLC raised its position in shares of Brookdale Senior Living by 40.8% during the 4th quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company's stock valued at $8,254,000 after purchasing an additional 475,268 shares during the period. Finally, Hennessy Advisors Inc. raised its position in shares of Brookdale Senior Living by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company's stock valued at $7,543,000 after purchasing an additional 95,700 shares during the period.

Remove Ads

Brookdale Senior Living Stock Down 1.8 %

Shares of NYSE:BKD traded down $0.11 during trading hours on Thursday, hitting $5.78. The company's stock had a trading volume of 794,243 shares, compared to its average volume of 2,268,719. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.12. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -6.51 and a beta of 0.87. The firm's fifty day moving average price is $5.60 and its 200 day moving average price is $5.58.

Brookdale Senior Living (NYSE:BKD - Get Free Report) last posted 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). The business had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

BKD has been the topic of several recent analyst reports. Macquarie restated an "outperform" rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Barclays started coverage on shares of Brookdale Senior Living in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $7.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.40.

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.