Wellington Management Group LLP Acquires 2,089,242 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Wellington Management Group LLP grew its position in Brookdale Senior Living Inc. (NYSE:BKD) by 26.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,916,049 shares of the company’s stock after buying an additional 2,089,242 shares during the period. Wellington Management Group LLP owned 4.98% of Brookdale Senior Living worth $49,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKD. Principal Financial Group Inc. lifted its holdings in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after purchasing an additional 111,686 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in Brookdale Senior Living in the 3rd quarter valued at $1,775,000. Hedges Asset Management LLC boosted its stake in Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after purchasing an additional 58,000 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in shares of Brookdale Senior Living by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock worth $7,543,000 after buying an additional 95,700 shares in the last quarter. Finally, Anson Funds Management LP lifted its stake in Brookdale Senior Living by 261.6% in the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock worth $3,069,000 after purchasing an additional 327,000 shares in the last quarter.

Brookdale Senior Living Trading Down 7.2 %

NYSE:BKD opened at $5.81 on Friday. The company has a market capitalization of $1.16 billion, a PE ratio of -6.53 and a beta of 0.87. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12. The stock’s 50 day moving average price is $5.53 and its 200 day moving average price is $5.62. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

BKD has been the subject of a number of analyst reports. Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Barclays assumed coverage on Brookdale Senior Living in a report on Tuesday, April 1st. They set an “equal weight” rating and a $7.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus target price of $7.40.

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.