Brookdale Senior Living Inc. $BKD Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 9.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,633,343 shares of the company’s stock after buying an additional 802,736 shares during the period. Wellington Management Group LLP’s holdings in Brookdale Senior Living were worth $155,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKD. WCM Investment Management LLC acquired a new position in Brookdale Senior Living during the first quarter valued at approximately $171,681,000. Senator Investment Group LP acquired a new stake in shares of Brookdale Senior Living in the fourth quarter worth $36,786,000. Eversept Partners LP raised its stake in shares of Brookdale Senior Living by 851.8% in the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after acquiring an additional 3,193,626 shares during the period. Park West Asset Management LLC purchased a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $49,491,000. Finally, Deutsche Bank AG acquired a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $46,167,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays decreased their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Finally, Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookdale Senior Living has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living Price Performance

NYSE BKD opened at $11.81 on Tuesday. Brookdale Senior Living Inc. has a 12 month low of $7.29 and a 12 month high of $17.09. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -20.36, a price-to-earnings-growth ratio of 5.67 and a beta of 0.60. The company’s fifty day moving average price is $14.11 and its two-hundred day moving average price is $14.00.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.16. The company had revenue of $718.58 million during 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, analysts anticipate that Brookdale Senior Living Inc. will post 0.06 EPS for the current 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.