Bridgeway Capital Management LLC Sells 545,000 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Bridgeway Capital Management LLC reduced its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 68.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,716 shares of the company’s stock after selling 545,000 shares during the quarter. Bridgeway Capital Management LLC owned 0.12% of Brookdale Senior Living worth $1,236,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Brookdale Senior Living in the fourth quarter valued at about $33,000. Freestone Grove Partners LP acquired a new position in Brookdale Senior Living in the 4th quarter valued at about $65,000. Cibc World Markets Corp bought a new position in Brookdale Senior Living in the 4th quarter valued at about $90,000. Illumine Investment Management LLC acquired a new stake in Brookdale Senior Living during the fourth quarter worth approximately $101,000. Finally, Optimize Financial Inc bought a new stake in shares of Brookdale Senior Living during the fourth quarter worth approximately $113,000.

Wall Street Analyst Weigh In

BKD has been the subject of several research reports. Barclays lifted their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Macquarie restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada lifted their price objective on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Price Performance

BKD stock opened at $6.89 on Friday. The company’s 50-day moving average price is $6.09 and its two-hundred day moving average price is $5.58. The firm has a market cap of $1.61 billion, a P/E ratio of -7.74 and a beta of 0.83. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. 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) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, meeting 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%. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share 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.