Creative Planning Sells 2,189 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Creative Planning decreased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,803 shares of the company’s stock after selling 2,189 shares during the period. Creative Planning’s holdings in Brookdale Senior Living were worth $196,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in Brookdale Senior Living by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock worth $221,000 after acquiring an additional 2,637 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after purchasing an additional 2,697 shares during the last quarter. Lazard Asset Management LLC grew its holdings 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 purchasing an additional 2,790 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Brookdale Senior Living by 7.7% during the 2nd quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock valued at $291,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the last quarter.

Brookdale Senior Living Trading Up 4.2 %

Shares of BKD opened at $5.73 on Tuesday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -6.23 and a beta of 1.32. 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 firm has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.83. Brookdale Senior Living Inc. has a twelve month low of $4.04 and a twelve month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 55.91% and a negative net margin of 6.75%. The company had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the prior year, the business posted ($0.22) earnings per share. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BKD shares. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. 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 price target for the company. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Brookdale Senior Living presently has a consensus rating of “Hold” and a consensus price target of $7.75.

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.