Quantbot Technologies LP Buys New Position in Brookdale Senior Living Inc. $BKD

Quantbot Technologies LP purchased a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 58,392 shares of the company’s stock, valued at approximately $940,000.

Several other large investors also recently bought and sold shares of BKD. Nierenberg Investment Management Company LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth $4,104,720,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $25,261,000. NewEdge Wealth LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter worth $1,369,000. Deutsche Bank AG acquired a new position in Brookdale Senior Living in the 2nd quarter worth $46,167,000. Finally, Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living in the 2nd quarter valued at about $66,000.

Analyst Ratings Changes

BKD has been the topic of a number of analyst reports. Barclays dropped their target price on 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD opened at $12.20 on Thursday. The company’s fifty day moving average is $14.22 and its two-hundred day moving average is $14.09. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -21.03, a price-to-earnings-growth ratio of 5.91 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The business had revenue of $718.58 million during the quarter, compared to analyst estimates of $735.63 million. Sell-side analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

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.