Swiss National Bank increased its position in Brookdale Senior Living, Inc. (NYSE:BKD) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,539 shares of the company’s stock after acquiring an additional 5,200 shares during the period. Swiss National Bank owned approximately 0.17% of Brookdale Senior Living worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in shares of Brookdale Senior Living by 20.1% during the 1st quarter. FMR LLC now owns 1,775,900 shares of the company’s stock valued at $11,685,000 after acquiring an additional 297,200 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of Brookdale Senior Living during the third quarter worth $2,135,000. Rhumbline Advisers grew its stake in shares of Brookdale Senior Living by 8.8% during the third quarter. Rhumbline Advisers now owns 302,805 shares of the company’s stock worth $2,295,000 after purchasing an additional 24,419 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Brookdale Senior Living by 58.7% during the third quarter. California Public Employees Retirement System now owns 341,862 shares of the company’s stock worth $2,591,000 after purchasing an additional 126,475 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Brookdale Senior Living during the third quarter worth $118,000. Institutional investors own 94.82% of the company’s stock.
Brookdale Senior Living stock traded down $0.03 during midday trading on Wednesday, hitting $5.98. 126,672 shares of the stock were exchanged, compared to its average volume of 1,909,493. Brookdale Senior Living, Inc. has a 1 year low of $5.91 and a 1 year high of $8.80. The firm has a market cap of $1.12 billion, a P/E ratio of -4.15 and a beta of 1.30. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50 day moving average price of $6.99 and a two-hundred day moving average price of $7.43.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.24). The company had revenue of $986.64 million for the quarter, compared to analyst estimates of $1 billion. Brookdale Senior Living had a negative return on equity of 27.40% and a negative net margin of 6.60%. Brookdale Senior Living’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, analysts predict that Brookdale Senior Living, Inc. will post -0.81 EPS for the current year.
BKD has been the subject of several research analyst reports. ValuEngine upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays dropped their target price on shares of Brookdale Senior Living from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Zacks Investment Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Thursday, February 13th.
In related news, Director Frank M. Bumstead acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average cost of $5.94 per share, with a total value of $59,400.00. Following the acquisition, the director now directly owns 235,224 shares in the company, valued at $1,397,230.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.
Brookdale Senior Living Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.
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