State of Wyoming Acquires New Position in Brookdale Senior Living Inc. $BKD

State of Wyoming bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to its most recent filing with the SEC. The firm bought 41,232 shares of the company’s stock, valued at approximately $663,000.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after buying an additional 36,604 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after buying an additional 6,507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Brookdale Senior Living by 3.2% during 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 during the last quarter. Millennium Management LLC increased its position in shares of Brookdale Senior Living by 67.7% in the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after acquiring an additional 876,222 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $181,000.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $12.64 on Monday. The firm has a fifty day moving average of $14.39 and a 200 day moving average of $14.23. The firm has a market cap of $3.02 billion, a PE ratio of -21.79, a PEG ratio of 6.12 and a beta of 0.60. Brookdale Senior Living Inc. has a one year low of $7.11 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $735.63 million. On average, equities analysts predict that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BKD. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. 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. Finally, Compass Point began coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Brookdale Senior Living currently has an average rating of “Moderate Buy” and an average target price of $17.40.

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.