Hedges Asset Management LLC Boosts Position in Brookdale Senior Living Inc. (NYSE:BKD)

Hedges Asset Management LLC grew its position in Brookdale Senior Living Inc. (NYSE:BKD) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,000 shares of the company’s stock after buying an additional 58,000 shares during the quarter. Hedges Asset Management LLC’s holdings in Brookdale Senior Living were worth $1,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BKD. Adelante Capital Management LLC acquired a new position in shares of Brookdale Senior Living in the third quarter worth $12,076,000. Rush Island Management LP increased its position in Brookdale Senior Living by 31.9% during the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock worth $34,742,000 after purchasing an additional 1,237,727 shares in the last quarter. Wellington Management Group LLP raised its stake in Brookdale Senior Living by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock valued at $53,144,000 after purchasing an additional 799,744 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Brookdale Senior Living in the 2nd quarter valued at about $3,998,000. Finally, Marshall Wace LLP boosted its stake in shares of Brookdale Senior Living by 35.4% during the 2nd quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock worth $13,228,000 after purchasing an additional 506,114 shares during the last quarter.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were 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 directly owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Brookdale Senior Living Stock Up 0.5 %

Shares of BKD opened at $4.91 on Friday. The firm has a market cap of $977.14 million, a PE ratio of -5.33 and a beta of 1.31. 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 company’s fifty day moving average is $5.21 and its two-hundred day moving average is $6.23. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter in the prior year, the company earned ($0.22) earnings per share. Analysts forecast that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKD. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.