Handelsbanken Fonder AB Buys Shares of 66,300 Brookdale Senior Living Inc. $BKD

Handelsbanken Fonder AB bought a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKDFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 66,300 shares of the company’s stock, valued at approximately $1,067,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada increased its position in Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after buying an additional 36,604 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after acquiring an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Brookdale Senior Living by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after acquiring an additional 4,323 shares during the period. Millennium Management LLC grew its position in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock worth $13,591,000 after acquiring an additional 876,222 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Brookdale Senior Living during the first quarter worth about $181,000.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $12.11 on Thursday. Brookdale Senior Living Inc. has a 12-month low of $7.11 and a 12-month high of $17.09. The stock has a market capitalization of $2.89 billion, a PE ratio of -20.87, a price-to-earnings-growth ratio of 5.92 and a beta of 0.60. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $14.21.

Brookdale Senior Living (NYSE:BKDGet Free Report) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The firm had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. On average, analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKD. Compass Point began coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Barclays dropped their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Get Our Latest Report on BKD

Brookdale Senior Living Profile

(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.

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

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