Brookdale Senior Living Inc. $BKD Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 54.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 958,709 shares of the company’s stock after selling 1,127,890 shares during the quarter. JPMorgan Chase & Co.’s holdings in Brookdale Senior Living were worth $8,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. increased its holdings in shares of Brookdale Senior Living by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after purchasing an additional 1,331 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Brookdale Senior Living by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 906,218 shares of the company’s stock worth $7,757,000 after buying an additional 2,810 shares in the last quarter. Covestor Ltd grew its position in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after buying an additional 3,428 shares during the period. Lazard Asset Management LLC grew its position in Brookdale Senior Living by 41.0% during the second quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after buying an additional 3,644 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Brookdale Senior Living by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after buying an additional 4,323 shares in the last quarter.

Wall Street Analyst Weigh In

BKD has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Barclays raised their target price on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and upped their price target for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Finally, Citigroup raised Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $13.40 on Tuesday. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $3.19 billion, a PE ratio of -12.08 and a beta of 0.68. Brookdale Senior Living Inc. has a fifty-two week low of $4.97 and a fifty-two week high of $17.09. The company has a fifty day moving average of $14.68 and a two-hundred day moving average of $11.52.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million during the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share 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.