Iron Triangle Partners LP Buys 1,138,361 Shares of Brookdale Senior Living Inc. $BKD

Iron Triangle Partners LP lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 67.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,838,361 shares of the company’s stock after acquiring an additional 1,138,361 shares during the quarter. Brookdale Senior Living accounts for about 3.4% of Iron Triangle Partners LP’s investment portfolio, making the stock its 15th largest holding. Iron Triangle Partners LP’s holdings in Brookdale Senior Living were worth $24,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in Brookdale Senior Living during the second quarter valued at $45,804,000. Bank of America Corp DE lifted its holdings in Brookdale Senior Living by 3.8% in the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after acquiring an additional 238,042 shares during the period. Geode Capital Management LLC boosted its position in Brookdale Senior Living by 18.5% in the second quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock worth $37,320,000 after purchasing an additional 838,862 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Brookdale Senior Living by 192.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock valued at $32,372,000 after purchasing an additional 2,514,884 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BKD. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price target for the company from $6.75 to $13.00 in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Finally, Citigroup raised shares of Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Brookdale Senior Living has an average rating of “Moderate Buy” and an average price target of $16.00.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $13.96 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a 12-month low of $4.97 and a 12-month high of $17.09. The stock has a 50-day moving average price of $14.10 and a 200 day moving average price of $11.03. The stock has a market capitalization of $3.32 billion, a P/E ratio of -12.57 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business had revenue of $754.09 million during the quarter, compared to analysts’ expectations of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. Equities research analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

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.