Brookdale Senior Living (NYSE:BKD) Stock Price Up 5.4% – Still a Buy?

Brookdale Senior Living Inc. (NYSE:BKD)’s share price shot up 5.4% during trading on Tuesday . The stock traded as high as $4.74 and last traded at $4.76. 3,765,248 shares traded hands during trading, an increase of 74% from the average session volume of 2,166,127 shares. The stock had previously closed at $4.51.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BKD. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group began coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Up 5.9 %

The company has a market capitalization of $951.23 million, a price-to-earnings ratio of -5.19 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The business has a 50-day moving average price of $5.03 and a 200-day moving average price of $5.97.

Insider Activity at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Trading of Brookdale Senior Living

Several large investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in Brookdale Senior Living by 13.8% in the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after acquiring an additional 5,208 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Brookdale Senior Living by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after buying an additional 6,508 shares in the last quarter. R Squared Ltd acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $33,000. Swiss National Bank increased its holdings in Brookdale Senior Living by 2.9% during the 4th quarter. Swiss National Bank now owns 368,439 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Aigen Investment Management LP increased its holdings in Brookdale Senior Living by 69.5% during the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock valued at $176,000 after purchasing an additional 10,647 shares in the last quarter.

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.