Assenagon Asset Management S.A. Grows Position in Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. grew its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 4.9% during the 3rd quarter, Holdings Channel reports. The fund owned 1,475,211 shares of the company’s stock after acquiring an additional 69,171 shares during the period. Assenagon Asset Management S.A.’s holdings in Brookdale Senior Living were worth $10,017,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living during the second quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter worth approximately $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $81,000. Finally, Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the period.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $6.12 on Monday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -7.95 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The business’s 50 day moving average is $6.60 and its two-hundred day moving average is $6.86. Brookdale Senior Living Inc. has a 52-week low of $3.66 and a 52-week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. The firm had revenue of $777.54 million during the quarter. During the same period in the prior year, the company posted ($0.15) earnings per share. Analysts forecast that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BKD shares. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus price target of $7.75.

About Brookdale Senior Living

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.