Brookdale Senior Living Inc. (NYSE:BKD) Stake Increased by Fmr LLC

Fmr LLC increased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 25.3% in the third quarter, Holdings Channel reports. The institutional investor owned 180,045 shares of the company’s stock after acquiring an additional 36,302 shares during the quarter. Fmr LLC’s holdings in Brookdale Senior Living were worth $1,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKD. Hennessy Advisors Inc. bought a new stake in shares of Brookdale Senior Living in the second quarter worth $8,513,000. American Century Companies Inc. increased its stake in Brookdale Senior Living by 63.6% during the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock valued at $21,582,000 after purchasing an additional 1,228,473 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Brookdale Senior Living during the second quarter valued at $3,998,000. Marshall Wace LLP increased its stake in Brookdale Senior Living by 35.4% during the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock valued at $13,228,000 after purchasing an additional 506,114 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Brookdale Senior Living during the second quarter valued at $3,265,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.75.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $5.25 on Tuesday. Brookdale Senior Living Inc. has a 1 year low of $5.08 and a 1 year high of $8.12. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -5.71 and a beta of 1.29. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $5.79 and a 200-day moving average of $6.56.

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

Brookdale Senior Living 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.