255,110 Shares in Brookdale Senior Living Inc. $BKD Purchased by Nierenberg Investment Management Company LLC

Nierenberg Investment Management Company LLC acquired a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the 2nd quarter, HoldingsChannel reports. The fund acquired 255,110 shares of the company’s stock, valued at approximately $4,104,720,000. Brookdale Senior Living comprises 2.0% of Nierenberg Investment Management Company LLC’s investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted 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 last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Brookdale Senior Living during the 2nd quarter worth approximately $66,000. Strs Ohio bought a new stake in shares of Brookdale Senior Living in the 1st quarter worth approximately $70,000. Larson Financial Group LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter worth approximately $59,000. Finally, KBC Group NV purchased a new position in Brookdale Senior Living in the fourth quarter valued at approximately $84,000.

Analyst Ratings Changes

Several brokerages have weighed in on BKD. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Barclays lowered their target price on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.40.

Brookdale Senior Living Stock Down 0.9%

BKD opened at $12.11 on Thursday. The firm has a 50-day moving average price of $14.37 and a 200-day moving average price of $14.21. Brookdale Senior Living Inc. has a twelve month low of $7.11 and a twelve month high of $17.09. The company 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 announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $718.58 million for the quarter, compared to analysts’ expectations 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%. On average, sell-side analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Brookdale Senior Living 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.