Pingora Partners LLC reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD – Free Report) by 30.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,684 shares of the company’s stock after selling 63,005 shares during the period. Brookdale Senior Living accounts for 0.9% of Pingora Partners LLC’s portfolio, making the stock its 23rd biggest holding. Pingora Partners LLC’s holdings in Brookdale Senior Living were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Quinn Opportunity Partners LLC lifted its position in shares of Brookdale Senior Living by 183.0% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 402,090 shares of the company’s stock valued at $3,406,000 after buying an additional 260,000 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Brookdale Senior Living by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock valued at $21,120,000 after buying an additional 358,012 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Brookdale Senior Living during the 3rd quarter valued at about $2,181,000. Iron Triangle Partners LP lifted its position in shares of Brookdale Senior Living by 67.0% during the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock valued at $24,041,000 after buying an additional 1,138,361 shares in the last quarter. Finally, Mason Capital Management LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter valued at about $20,971,000.
Wall Street Analyst Weigh In
BKD has been the topic of a number of research analyst reports. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Stephens began coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.
Brookdale Senior Living Stock Performance
NYSE BKD opened at $13.36 on Monday. The company has a market cap of $3.19 billion, a P/E ratio of -15.54 and a beta of 0.63. The business’s 50 day moving average price is $13.35 and its 200-day moving average price is $13.14. Brookdale Senior Living Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $17.09.
Brookdale Senior Living (NYSE:BKD – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.
Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.
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