Algert Global LLC Makes New Investment in Brookdale Senior Living Inc. (NYSE:BKD)

Algert Global LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,110 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Brookdale Senior Living by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock valued at $120,774,000 after buying an additional 220,199 shares during the period. Iron Triangle Partners LP boosted its stake 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 in the last quarter. Wellington Management Group LLP acquired a new stake in Brookdale Senior Living in the fourth quarter worth $28,961,000. American Century Companies Inc. increased its stake in 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 valued at $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Brookdale Senior Living by 70.5% during the first quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock valued at $14,504,000 after purchasing an additional 907,157 shares during the period.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $5.91 on Friday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -7.68 and a beta of 1.31. Brookdale Senior Living Inc. has a 52 week low of $3.66 and a 52 week high of $8.12. The stock has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $6.89. 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 released its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $777.54 million during the quarter. During the same period in the prior year, the firm earned ($0.15) earnings per share. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on BKD. Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price 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 two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.67.

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.