Brookdale Senior Living Target of Unusually High Options Trading (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 3,119 call options on the stock. This represents an increase of approximately 183% compared to the average volume of 1,103 call options.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKD. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point assumed coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Barclays dropped their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock traded up $0.36 during midday trading on Wednesday, reaching $12.91. The stock had a trading volume of 1,468,413 shares, compared to its average volume of 4,656,877. Brookdale Senior Living has a twelve month low of $7.11 and a twelve month high of $17.09. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -22.16 and a beta of 0.60. The firm’s fifty day simple moving average is $14.36 and its two-hundred day simple moving average is $14.24.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) 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 the consensus estimate of $735.63 million. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. As a group, sell-side analysts predict that Brookdale Senior Living will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKD. Osaic Holdings Inc. boosted its stake in 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 during the period. The Manufacturers Life Insurance Company increased its position in Brookdale Senior Living by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock worth $1,500,000 after buying an additional 1,436 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Brookdale Senior Living by 4.5% during the first quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock worth $662,000 after buying an additional 2,095 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Brookdale Senior Living by 5.9% during the first quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock worth $531,000 after buying an additional 2,160 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of 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.

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.