Bank of America Corp DE trimmed its stake in shares of Brookdale Senior Living, Inc. (NYSE:BKD) by 90.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,950 shares of the company’s stock after selling 2,265,041 shares during the quarter. Bank of America Corp DE owned approximately 0.12% of Brookdale Senior Living worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in Brookdale Senior Living in the first quarter worth approximately $118,000. BNP Paribas Arbitrage SA increased its holdings in Brookdale Senior Living by 127.1% in the second quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after purchasing an additional 10,131 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Brookdale Senior Living by 55.2% in the first quarter. Xact Kapitalforvaltning AB now owns 28,943 shares of the company’s stock worth $194,000 after purchasing an additional 10,300 shares in the last quarter. Atria Investments LLC bought a new stake in Brookdale Senior Living in the second quarter worth approximately $254,000. Finally, Clear Harbor Asset Management LLC bought a new stake in Brookdale Senior Living in the second quarter worth approximately $260,000.
A number of brokerages have weighed in on BKD. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Stifel Nicolaus lowered their target price on Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. JMP Securities lifted their target price on Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Brookdale Senior Living has an average rating of “Hold” and a consensus price target of $9.25.
In other news, Director Marcus E. Bromley acquired 6,400 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average price of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the acquisition, the director now directly owns 54,619 shares in the company, valued at approximately $428,759.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.
NYSE BKD opened at $8.86 on Friday. The company has a market cap of $1.74 billion, a PE ratio of -11.36 and a beta of 1.60. Brookdale Senior Living, Inc. has a 52 week low of $6.28 and a 52 week high of $11.09. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.93.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, November 5th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. Brookdale Senior Living had a negative return on equity of 13.82% and a negative net margin of 13.93%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($2.22) earnings per share. On average, equities analysts anticipate that Brookdale Senior Living, Inc. will post -1.03 earnings per share for the current fiscal year.
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Brookdale Senior Living Profile
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.
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