Brookdale Senior Living Inc. (NYSE:BKD) is Highland Peak Capital LLC’s 6th Largest Position

Highland Peak Capital LLC increased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 16.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 799,186 shares of the company’s stock after buying an additional 112,567 shares during the quarter. Brookdale Senior Living accounts for approximately 1.9% of Highland Peak Capital LLC’s portfolio, making the stock its 6th largest holding. Highland Peak Capital LLC owned 0.41% of Brookdale Senior Living worth $5,458,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Brookdale Senior Living by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock worth $120,774,000 after acquiring an additional 220,199 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Brookdale Senior Living by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,310,786 shares of the company’s stock worth $54,191,000 after buying an additional 742,822 shares in the last quarter. Iron Triangle Partners LP raised its holdings in shares of Brookdale Senior Living by 21.4% in the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock valued at $38,986,000 after acquiring an additional 1,038,353 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Brookdale Senior Living during the 4th quarter valued at about $28,961,000. Finally, American Century Companies Inc. boosted its position in shares of Brookdale Senior Living by 63.6% during the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock valued at $21,582,000 after acquiring an additional 1,228,473 shares during the last quarter.

Brookdale Senior Living Trading Down 0.6 %

NYSE BKD opened at $6.62 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of -8.60 and a beta of 1.31. Brookdale Senior Living Inc. has a 1-year low of $3.62 and a 1-year high of $8.12. The stock has a 50-day moving average of $7.21 and a 200-day moving average of $6.85. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The company had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same period in the previous year, the business posted ($0.15) earnings per share. As a group, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BKD. Macquarie started coverage on shares of Brookdale Senior Living in a research note on Friday, June 28th. They issued an “outperform” rating and a $7.50 target price on the stock. StockNews.com cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Company 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.