Brookdale Senior Living Inc. $BKD Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 6.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,509,675 shares of the company’s stock after selling 170,054 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Brookdale Senior Living were worth $34,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in BKD. Senator Investment Group LP bought a new stake in Brookdale Senior Living during the 4th quarter valued at $36,786,000. Mason Capital Management LLC bought a new position in shares of Brookdale Senior Living in the third quarter worth $20,971,000. Wellington Management Group LLP increased its holdings in shares of Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. increased its holdings in shares of Brookdale Senior Living by 34.9% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after purchasing an additional 2,199,000 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Brookdale Senior Living by 124.0% during the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock valued at $20,986,000 after purchasing an additional 1,371,606 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKD shares. Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Stephens assumed coverage on shares of Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Brookdale Senior Living presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $15.68 on Friday. The company has a market capitalization of $3.74 billion, a PE ratio of -18.23 and a beta of 0.63. The company’s 50 day moving average price is $13.42 and its 200 day moving average price is $13.35. Brookdale Senior Living Inc. has a 52 week low of $6.65 and a 52 week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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.

About Brookdale Senior Living

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.