Barclays PLC Has $2.19 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Barclays PLC raised its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 339.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,667 shares of the company’s stock after purchasing an additional 249,318 shares during the quarter. Barclays PLC’s holdings in Brookdale Senior Living were worth $2,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $25,000. Headlands Technologies LLC acquired a new stake in Brookdale Senior Living during the second quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in shares of Brookdale Senior Living during the second quarter worth approximately $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $100,000.

Analysts Set New Price Targets

A number of research analysts have commented on BKD shares. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report on Friday, December 20th. Finally, Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Stock Down 0.8 %

BKD stock opened at $5.07 on Thursday. Brookdale Senior Living Inc. has a 52 week low of $4.89 and a 52 week high of $8.12. The business has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $6.49. 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 has a market cap of $1.01 billion, a PE ratio of -5.51 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate 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 period last year, the company posted ($0.22) EPS. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.