CenterBook Partners LP Has $3.74 Million Stock Position in Brookdale Senior Living Inc. $BKD

CenterBook Partners LP lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 34.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 346,365 shares of the company’s stock after purchasing an additional 88,811 shares during the quarter. CenterBook Partners LP owned 0.15% of Brookdale Senior Living worth $3,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Brookdale Senior Living by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock valued at $21,120,000 after purchasing an additional 358,012 shares during the period. Quinn Opportunity Partners LLC boosted its position in shares of Brookdale Senior Living by 183.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 402,090 shares of the company’s stock valued at $3,406,000 after purchasing an additional 260,000 shares during the period. Iron Triangle Partners LP boosted its position in shares of Brookdale Senior Living by 67.0% in the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock valued at $24,041,000 after purchasing an additional 1,138,361 shares during the period. Mason Capital Management LLC purchased a new stake in Brookdale Senior Living in the 3rd quarter worth about $20,971,000. Finally, GSA Capital Partners LLP purchased a new stake in Brookdale Senior Living in the 3rd quarter worth about $725,000.

Brookdale Senior Living Trading Down 3.8%

Shares of Brookdale Senior Living stock opened at $11.88 on Tuesday. The stock has a 50-day moving average price of $13.40 and a 200 day moving average price of $13.07. The company has a market cap of $2.84 billion, a P/E ratio of -13.81 and a beta of 0.63. Brookdale Senior Living Inc. has a 1 year low of $6.48 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The business had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. On average, equities analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Stephens assumed coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.