Hudson Bay Capital Management LP Invests $5.22 Million in Brookdale Senior Living Inc. $BKD

Hudson Bay Capital Management LP bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 750,000 shares of the company’s stock, valued at approximately $5,220,000. Hudson Bay Capital Management LP owned about 0.32% of Brookdale Senior Living at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 3.4% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock worth $98,504,000 after buying an additional 467,273 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at about $45,804,000. Bank of America Corp DE raised its holdings in Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after acquiring an additional 238,042 shares in the last quarter. Geode Capital Management LLC boosted its position in Brookdale Senior Living by 18.5% during the second quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock valued at $37,320,000 after purchasing an additional 838,862 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Brookdale Senior Living by 54.6% during the second quarter. American Century Companies Inc. now owns 3,454,713 shares of the company’s stock valued at $24,045,000 after purchasing an additional 1,220,068 shares during the last quarter.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $10.31 on Tuesday. The company has a market cap of $2.45 billion, a P/E ratio of -7.87 and a beta of 0.66. The firm’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $8.26. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $11.38. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.84 and a quick ratio of 0.84.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 173.75% and a negative net margin of 9.52%.The company had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. Equities analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKD. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Royal Bank Of Canada raised their target price on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Finally, Barclays upgraded shares of Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $14.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.67.

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.