Clearline Capital LP acquired a new position in shares of Brookdale Senior Living, Inc. (NYSE:BKD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 654,515 shares of the company’s stock, valued at approximately $6,349,000. Brookdale Senior Living makes up about 3.3% of Clearline Capital LP’s portfolio, making the stock its 12th biggest holding. Clearline Capital LP owned approximately 0.35% of Brookdale Senior Living as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BKD. Teachers Advisors LLC raised its stake in shares of Brookdale Senior Living by 2.8% during the 4th quarter. Teachers Advisors LLC now owns 256,914 shares of the company’s stock worth $2,492,000 after buying an additional 6,925 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Brookdale Senior Living in the 4th quarter worth $155,000. Two Sigma Investments LP raised its position in shares of Brookdale Senior Living by 483.9% in the 4th quarter. Two Sigma Investments LP now owns 93,427 shares of the company’s stock worth $906,000 after buying an additional 77,427 shares during the period. Highland Capital Management LP raised its position in shares of Brookdale Senior Living by 41.7% in the 4th quarter. Highland Capital Management LP now owns 118,325 shares of the company’s stock worth $1,148,000 after buying an additional 34,850 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Brookdale Senior Living in the 4th quarter worth $8,146,000.
A number of analysts have recently issued reports on BKD shares. Stephens set a $16.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research note on Monday, December 18th. Stifel Nicolaus downgraded Brookdale Senior Living from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $9.00 in a research note on Thursday, February 22nd. Jefferies Group set a $9.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada cut Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $13.00 to $8.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.80.
Shares of Brookdale Senior Living, Inc. (NYSE:BKD) traded down $0.05 during trading hours on Tuesday, reaching $7.08. 36,512 shares of the company were exchanged, compared to its average volume of 3,394,445. The company has a market capitalization of $1,350.79, a PE ratio of -2.32 and a beta of 1.86. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.82 and a quick ratio of 0.82. Brookdale Senior Living, Inc. has a 12-month low of $6.39 and a 12-month high of $15.66.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.40%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted ($1.45) EPS. equities analysts anticipate that Brookdale Senior Living, Inc. will post -0.98 earnings per share for the current year.
In related news, Director Marcus E. Bromley bought 6,950 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of $7.18 per share, for a total transaction of $49,901.00. Following the purchase, the director now owns 28,359 shares in the company, valued at approximately $203,617.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Seward acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average price of $6.68 per share, with a total value of $33,400.00. Following the purchase, the director now directly owns 102,451 shares in the company, valued at $684,372.68. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 36,950 shares of company stock worth $256,401. 1.50% of the stock is currently owned by company insiders.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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