Allspring Global Investments Holdings LLC Decreases Position in Brookdale Senior Living Inc. $BKD

Allspring Global Investments Holdings LLC cut its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 49.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 352,554 shares of the company’s stock after selling 345,268 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brookdale Senior Living were worth $4,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd lifted its stake in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares during the period. Larson Financial Group LLC bought a new stake in Brookdale Senior Living during the 3rd quarter valued at approximately $59,000. Strs Ohio bought a new stake in Brookdale Senior Living during the 1st quarter valued at approximately $61,000. FNY Investment Advisers LLC purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $62,000. Finally, KBC Group NV purchased a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $84,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BKD shares. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report 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 note on Wednesday, May 27th. Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Stephens assumed coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Trading Up 4.4%

Shares of NYSE:BKD opened at $15.13 on Friday. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -17.60 and a beta of 0.58. The company has a 50-day moving average price of $14.04 and a 200 day moving average price of $13.97. Brookdale Senior Living Inc. has a 12 month low of $6.99 and a 12 month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly 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). The firm had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current 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.