Brookdale Senior Living Inc. $BKD Stock Position Raised by CenterBook Partners LP

CenterBook Partners LP raised its position in shares of Brookdale Senior Living Inc. (NYSE:BKDFree Report) by 34.5% in the fourth quarter, Holdings Channel reports. The firm owned 346,365 shares of the company’s stock after buying an additional 88,811 shares during the period. CenterBook Partners LP’s holdings in Brookdale Senior Living were worth $3,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in shares of Brookdale Senior Living by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after purchasing an additional 1,331 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Brookdale Senior Living by 8.3% during the 4th quarter. ProShare Advisors LLC now owns 42,523 shares of the company’s stock worth $459,000 after purchasing an additional 3,264 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Brookdale Senior Living by 41.0% during the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after purchasing an additional 3,644 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Brookdale Senior Living by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after purchasing an additional 4,323 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Brookdale Senior Living by 45.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,678 shares of the company’s stock worth $158,000 after purchasing an additional 4,588 shares in the last quarter.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $11.88 on Tuesday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -13.81 and a beta of 0.63. The business’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $13.07. Brookdale Senior Living Inc. has a 52 week low of $6.48 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKDGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to analyst estimates 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 research analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Stephens initiated 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Get Our Latest Stock Analysis on BKD

About Brookdale Senior Living

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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