Brookdale Senior Living Inc. (NYSE:BKD) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in Brookdale Senior Living Inc. (NYSE:BKD) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,070,618 shares of the company’s stock after acquiring an additional 15,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Brookdale Senior Living were worth $7,312,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Brookdale Senior Living during the fourth quarter worth approximately $28,961,000. Assenagon Asset Management S.A. purchased a new stake in shares of Brookdale Senior Living during the second quarter worth $9,603,000. Hennessy Advisors Inc. acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at about $8,513,000. American Century Companies Inc. lifted its stake 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 in the last quarter. Finally, Iron Triangle Partners LP boosted its position in Brookdale Senior Living by 21.4% during the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after acquiring an additional 1,038,353 shares during the last quarter.

Brookdale Senior Living Stock Up 1.5 %

BKD stock opened at $6.85 on Friday. Brookdale Senior Living Inc. has a one year low of $3.62 and a one year high of $8.12. The firm has a market cap of $1.32 billion, a PE ratio of -8.90 and a beta of 1.31. The firm’s 50 day moving average price is $7.19 and its 200-day moving average price is $6.86. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The business had revenue of $777.54 million during 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 quarter in the previous year, the business posted ($0.15) earnings per share. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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