Fmr LLC decreased its holdings in Brookdale Senior Living, Inc. (NYSE:BKD) by 94.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,313,300 shares of the company’s stock after selling 22,321,200 shares during the period. Fmr LLC’s holdings in Brookdale Senior Living were worth $11,938,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Brookdale Senior Living during the first quarter valued at approximately $140,000. Atria Investments LLC purchased a new position in Brookdale Senior Living during the second quarter valued at approximately $254,000. Xact Kapitalforvaltning AB grew its stake in Brookdale Senior Living by 55.2% during the first quarter. Xact Kapitalforvaltning AB now owns 28,943 shares of the company’s stock valued at $194,000 after acquiring an additional 10,300 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Brookdale Senior Living by 55.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,021,839 shares of the company’s stock valued at $18,379,000 after acquiring an additional 721,190 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Brookdale Senior Living during the second quarter valued at approximately $5,459,000.
In related news, Director Marcus E. Bromley bought 6,400 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was acquired at an average cost of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the transaction, the director now directly owns 54,619 shares in the company, valued at approximately $428,759.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
BKD has been the subject of several recent analyst reports. JMP Securities boosted their price objective on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Stifel Nicolaus dropped their target price on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, August 7th. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Finally, Zacks Investment Research lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.25.
Shares of Brookdale Senior Living stock opened at $9.02 on Monday. Brookdale Senior Living, Inc. has a 1 year low of $6.28 and a 1 year high of $11.09. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -11.56 and a beta of 1.67. The company has a debt-to-equity ratio of 4.93, a current ratio of 0.75 and a quick ratio of 0.75.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.66). Brookdale Senior Living had a negative net margin of 21.80% and a negative return on equity of 13.56%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts predict that Brookdale Senior Living, Inc. will post -1.03 earnings per share for the current fiscal year.
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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