570,084 Shares in Brookdale Senior Living Inc. $BKD Acquired by Castleark Management LLC

Castleark Management LLC purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 570,084 shares of the company’s stock, valued at approximately $9,173,000.

Several other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living during the second quarter worth $43,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the third quarter valued at $59,000. Strs Ohio purchased a new stake in shares of Brookdale Senior Living during the first quarter valued at $61,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $66,000.

Brookdale Senior Living Trading Up 0.9%

Shares of Brookdale Senior Living stock opened at $12.23 on Wednesday. Brookdale Senior Living Inc. has a 1 year low of $7.29 and a 1 year high of $17.09. The company has a market cap of $2.92 billion, a P/E ratio of -21.09, a P/E/G ratio of 5.87 and a beta of 0.60. The stock has a 50-day moving average price of $14.25 and a 200 day moving average price of $14.11.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.16. The company had revenue of $718.58 million for the quarter, compared to analysts’ expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. On average, equities analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Barclays dropped their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.40.

Brookdale Senior Living 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.