Bridgefront Capital LLC Makes New Investment in Brookdale Senior Living Inc. (NYSE:BKD)

Bridgefront Capital LLC purchased a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,782 shares of the company’s stock, valued at approximately $145,000.

Several other large investors also recently modified their holdings of the stock. Hedges Asset Management LLC boosted its stake in Brookdale Senior Living by 28.0% during the fourth quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after acquiring an additional 58,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Brookdale Senior Living by 247.3% in the 4th quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company’s stock valued at $3,571,000 after buying an additional 505,569 shares during the period. Hennessy Advisors Inc. increased its position in Brookdale Senior Living by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock valued at $7,543,000 after buying an additional 95,700 shares in the last quarter. SG Americas Securities LLC raised its stake in Brookdale Senior Living by 38.7% during the 4th quarter. SG Americas Securities LLC now owns 59,703 shares of the company’s stock worth $300,000 after buying an additional 16,650 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Brookdale Senior Living by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,495,009 shares of the company’s stock worth $7,520,000 after acquiring an additional 20,454 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a research report on Wednesday, April 16th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada boosted their target price on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus target price of $7.70.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $6.89 on Friday. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12. 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 stock has a market cap of $1.38 billion, a PE ratio of -7.74 and a beta of 0.83. The stock’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $5.59.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. As a group, analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

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.