Edmond DE Rothschild Holding S.A. Acquires Shares of 1,570,000 Brookdale Senior Living Inc. $BKD

Edmond DE Rothschild Holding S.A. acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,570,000 shares of the company’s stock, valued at approximately $25,261,000.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares during the period. Larson Financial Group LLC bought a new stake in Brookdale Senior Living in the third quarter valued at $59,000. Strs Ohio bought a new stake in Brookdale Senior Living in the first quarter valued at $61,000. Persistent Asset Partners Ltd acquired a new position in Brookdale Senior Living during the second quarter worth $66,000. Finally, KBC Group NV acquired a new position in Brookdale Senior Living during the fourth quarter worth $84,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKD. Compass Point assumed coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 target price on the stock. Barclays dropped their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Brookdale Senior Living Trading Down 0.9%

Shares of BKD stock opened at $12.11 on Thursday. Brookdale Senior Living Inc. has a 1 year low of $7.11 and a 1 year high of $17.09. The firm’s 50 day moving average is $14.37 and its 200-day moving average is $14.21. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -20.87, a PEG ratio of 5.92 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $735.63 million. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal 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.