Hennessy Advisors Inc. Grows Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Hennessy Advisors Inc. lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,499,600 shares of the company’s stock after buying an additional 95,700 shares during the period. Hennessy Advisors Inc. owned approximately 0.75% of Brookdale Senior Living worth $7,543,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares during the period. Rush Island Management LP increased its holdings in shares of Brookdale Senior Living by 31.9% in the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock worth $34,742,000 after buying an additional 1,237,727 shares during the period. Geode Capital Management LLC increased its holdings in shares of Brookdale Senior Living by 2.1% in the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock worth $29,648,000 after buying an additional 89,344 shares during the period. American Century Companies Inc. increased its holdings in shares of Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after buying an additional 1,228,473 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Brookdale Senior Living by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock worth $18,778,000 after buying an additional 145,283 shares during the period.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $5.02 on Friday. The stock’s 50 day simple moving average is $5.25 and its two-hundred day simple moving average is $6.30. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same period in the prior year, the firm earned ($0.22) earnings per share. As a group, equities analysts forecast that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Insider Transactions at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now directly owns 211,382 shares of the company’s stock, valued at $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BKD has been the topic of several analyst reports. Macquarie reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Finally, Jefferies Financial Group started coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.