California Public Employees Retirement System grew its position in Brookdale Senior Living, Inc. (NYSE:BKD) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,559 shares of the company’s stock after purchasing an additional 88,543 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Brookdale Senior Living worth $4,933,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKD. Lee Danner & Bass Inc. lifted its position in Brookdale Senior Living by 18.7% during the 4th quarter. Lee Danner & Bass Inc. now owns 1,128,174 shares of the company’s stock worth $10,943,000 after acquiring an additional 177,797 shares in the last quarter. Nationwide Fund Advisors lifted its position in Brookdale Senior Living by 268.9% during the 3rd quarter. Nationwide Fund Advisors now owns 299,739 shares of the company’s stock worth $3,177,000 after acquiring an additional 218,490 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Brookdale Senior Living by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,968,001 shares of the company’s stock worth $126,862,000 after acquiring an additional 2,080,341 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth approximately $353,000. Finally, Stevens Capital Management LP acquired a new position in Brookdale Senior Living during the 3rd quarter worth approximately $383,000.
In other news, Director Lee S. Wielansky purchased 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $6.90 per share, for a total transaction of $69,000.00. Following the acquisition, the director now owns 44,619 shares of the company’s stock, valued at $307,871.10. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Lucinda M. Baier purchased 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $6.94 per share, with a total value of $104,100.00. Following the completion of the acquisition, the insider now directly owns 382,934 shares in the company, valued at approximately $2,657,561.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 36,950 shares of company stock worth $256,401 over the last 90 days. 1.50% of the stock is owned by company insiders.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned ($1.45) earnings per share. Brookdale Senior Living’s revenue for the quarter was down 3.5% compared to the same quarter last year. sell-side analysts predict that Brookdale Senior Living, Inc. will post -0.98 earnings per share for the current year.
Several equities analysts recently commented on BKD shares. Stephens reissued a “buy” rating and set a $12.00 price target on shares of Brookdale Senior Living in a research report on Tuesday, March 6th. Jefferies Group set a $9.00 price target on Brookdale Senior Living and gave the stock a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research raised Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus lowered Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $9.00 in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada downgraded Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock 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 given a hold rating and two have issued a buy rating to the company. Brookdale Senior Living has an average rating of “Hold” and a consensus target price of $10.80.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/13/brookdale-senior-living-inc-bkd-shares-bought-by-california-public-employees-retirement-system.html.
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.
Want to see what other hedge funds are holding BKD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookdale Senior Living, Inc. (NYSE:BKD).
Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.