Charles Schwab Investment Management Inc. Decreases Position in Brookdale Senior Living Inc. (NYSE:BKD)

Charles Schwab Investment Management Inc. trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,953,083 shares of the company’s stock after selling 54,104 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Brookdale Senior Living were worth $20,051,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BKD. Mackenzie Financial Corp lifted its position in Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after purchasing an additional 2,697 shares during the last quarter. Diversified Trust Co raised its stake in Brookdale Senior Living by 7.7% during the 2nd quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock valued at $291,000 after purchasing an additional 3,056 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Brookdale Senior Living by 15.8% in the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the period. nVerses Capital LLC acquired a new stake in Brookdale Senior Living during the second quarter valued at $25,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at about $26,000.

Insider Buying and Selling

In other news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Trading Down 1.0 %

Shares of Brookdale Senior Living stock opened at $5.55 on Friday. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The stock has a market cap of $1.10 billion, a P/E ratio of -6.03 and a beta of 1.29. The business’s 50 day moving average is $5.91 and its 200-day moving average is $6.62.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the previous year, the business posted ($0.22) earnings per share. Equities research analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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 seniors.