Wolf Hill Capital Management LP Buys New Shares in Brookdale Senior Living Inc. $BKD

Wolf Hill Capital Management LP bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,700,000 shares of the company’s stock, valued at approximately $27,353,000,000. Brookdale Senior Living comprises 2.3% of Wolf Hill Capital Management LP’s portfolio, making the stock its 15th largest position. Wolf Hill Capital Management LP owned approximately 0.71% of Brookdale Senior Living as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKD. Caitong International Asset Management Co. Ltd grew its stake in 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 valued at $29,000 after purchasing an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Brookdale Senior Living during the 2nd quarter worth approximately $43,000. Persistent Asset Partners Ltd purchased a new position in Brookdale Senior Living during the 2nd quarter worth approximately $66,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the 1st quarter valued at approximately $70,000. Finally, Larson Financial Group LLC acquired a new stake in Brookdale Senior Living during the 3rd quarter valued at approximately $59,000.

Brookdale Senior Living Price Performance

BKD opened at $12.13 on Tuesday. The firm has a fifty day moving average price of $14.28 and a 200 day moving average price of $14.13. Brookdale Senior Living Inc. has a 1 year low of $7.29 and a 1 year high of $17.09. The stock has a market cap of $2.90 billion, a P/E ratio of -20.91, a P/E/G ratio of 5.71 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 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 company had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. Equities analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Company 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.