Trustcore Financial Services LLC decreased its position in Brookdale Senior Living, Inc. (NYSE:BKD) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,547 shares of the company’s stock after selling 10,110 shares during the quarter. Trustcore Financial Services LLC’s holdings in Brookdale Senior Living were worth $1,345,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BKD. Norges Bank bought a new position in Brookdale Senior Living in the fourth quarter worth $19,763,000. American Century Companies Inc. bought a new position in Brookdale Senior Living in the fourth quarter worth $3,758,000. Marshall Wace LLP bought a new position in Brookdale Senior Living in the first quarter worth $1,995,000. FMR LLC raised its holdings in Brookdale Senior Living by 20.1% in the first quarter. FMR LLC now owns 1,775,900 shares of the company’s stock worth $11,685,000 after purchasing an additional 297,200 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA raised its holdings in Brookdale Senior Living by 16.3% in the first quarter. Rutabaga Capital Management LLC MA now owns 1,803,551 shares of the company’s stock worth $11,867,000 after purchasing an additional 252,444 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.
Shares of NYSE:BKD traded down $0.36 on Monday, hitting $7.22. 50,398 shares of the company traded hands, compared to its average volume of 1,147,211. Brookdale Senior Living, Inc. has a 52 week low of $5.97 and a 52 week high of $10.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The business has a 50 day moving average price of $7.46. The company has a market capitalization of $1.41 billion, a P/E ratio of -3.64 and a beta of 1.60.
Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.10. Brookdale Senior Living had a negative return on equity of 18.06% and a negative net margin of 2.59%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned ($2.45) earnings per share. The company’s revenue was down 12.2% on a year-over-year basis. On average, equities analysts anticipate that Brookdale Senior Living, Inc. will post -1.06 EPS for the current year.
In related news, Director Frank M. Bumstead purchased 10,000 shares of Brookdale Senior Living stock in a transaction dated Monday, June 3rd. The stock was purchased at an average cost of $6.12 per share, for a total transaction of $61,200.00. Following the completion of the acquisition, the director now directly owns 201,019 shares of the company’s stock, valued at $1,230,236.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is owned by company insiders.
A number of equities analysts have issued reports on the company. Stifel Nicolaus set a $8.00 price objective on Brookdale Senior Living and gave the stock a “hold” rating in a report on Wednesday, April 17th. Zacks Investment Research downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.10.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.
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