PEAK6 Investments L.P. bought a new stake in shares of Brookdale Senior Living (NYSE:BKD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,840 shares of the company’s stock, valued at approximately $134,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Long Pond Capital LP bought a new stake in Brookdale Senior Living in the 4th quarter valued at $23,075,000. Dimensional Fund Advisors LP increased its holdings in Brookdale Senior Living by 21.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock valued at $126,862,000 after buying an additional 2,080,341 shares during the period. Land & Buildings Investment Management LLC increased its holdings in Brookdale Senior Living by 55.6% in the 3rd quarter. Land & Buildings Investment Management LLC now owns 5,000,774 shares of the company’s stock valued at $53,008,000 after buying an additional 1,787,856 shares during the period. Cortina Asset Management LLC bought a new stake in Brookdale Senior Living in the 3rd quarter valued at $14,365,000. Finally, Renaissance Technologies LLC bought a new stake in Brookdale Senior Living in the 4th quarter valued at $8,146,000.
Shares of BKD traded up $0.08 during trading hours on Friday, hitting $6.75. The stock had a trading volume of 2,462,308 shares, compared to its average volume of 3,576,321. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.82 and a current ratio of 0.82. Brookdale Senior Living has a 52 week low of $6.33 and a 52 week high of $15.66. The firm has a market cap of $1,259.37, a price-to-earnings ratio of -8.65 and a beta of 1.79.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). Brookdale Senior Living had a negative return on equity of 8.40% and a negative net margin of 12.04%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned ($1.45) EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. sell-side analysts anticipate that Brookdale Senior Living will post -0.83 EPS for the current fiscal year.
In related news, Director James R. Seward acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were purchased at an average price of $6.68 per share, with a total value of $33,400.00. Following the acquisition, the director now directly owns 102,451 shares in the company, valued at $684,372.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marcus E. Bromley acquired 6,950 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average cost of $7.18 per share, for a total transaction of $49,901.00. Following the acquisition, the director now owns 28,359 shares in the company, valued at $203,617.62. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 36,950 shares of company stock worth $256,401. Insiders own 1.50% of the company’s stock.
Several equities research analysts have issued reports on BKD shares. Zacks Investment Research lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Jefferies Group set a $9.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada lowered shares of Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $13.00 to $8.00 in a report on Tuesday, February 27th. Stifel Nicolaus lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $9.00 in a report on Thursday, February 22nd. Finally, Stephens reaffirmed a “buy” rating and issued a $12.00 target price on shares of Brookdale Senior Living in a report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.80.
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Brookdale Senior Living Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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