Eversept Partners LP Buys Shares of 374,929 Brookdale Senior Living Inc. $BKD

Eversept Partners LP bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the fourth quarter, HoldingsChannel reports. The fund bought 374,929 shares of the company’s stock, valued at approximately $4,045,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in Brookdale Senior Living by 44,583.3% in the fourth 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 period. FNY Investment Advisers LLC acquired a new position in Brookdale Senior Living in the fourth quarter valued at about $62,000. Larson Financial Group LLC acquired a new position in Brookdale Senior Living in the third quarter valued at about $59,000. KBC Group NV acquired a new position in Brookdale Senior Living in the fourth quarter valued at about $84,000. Finally, Strs Ohio acquired a new position in Brookdale Senior Living in the first quarter valued at about $61,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKD. Stephens began coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 target price for the company. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point began coverage on Brookdale Senior Living in a research note on Monday. They issued a “buy” rating and a $22.00 target price for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One investment 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.com, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $13.63 on Thursday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -15.85 and a beta of 0.63. The stock’s 50-day moving average is $13.34 and its 200-day moving average is $13.19. Brookdale Senior Living Inc. has a one year low of $6.65 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $764.86 million during the quarter, compared to the consensus estimate of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. On average, equities analysts expect that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

About Brookdale Senior Living

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.