Brookdale Senior Living Inc. (BKD) Stake Lifted by Glenview Capital Management LLC
Glenview Capital Management LLC lifted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,250,718 shares of the company’s stock after purchasing an additional 520,000 shares during the quarter. Brookdale Senior Living accounts for approximately 1.5% of Glenview Capital Management LLC’s portfolio, making the stock its 23rd largest position. Glenview Capital Management LLC owned about 8.19% of Brookdale Senior Living worth $224,338,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Brookdale Senior Living by 6.2% during the second quarter. Royce & Associates LP now owns 1,096,000 shares of the company’s stock worth $16,122,000 after purchasing an additional 63,500 shares in the last quarter. IMS Capital Management boosted its stake in Brookdale Senior Living by 2.6% in the second quarter. IMS Capital Management now owns 70,455 shares of the company’s stock worth $1,036,000 after buying an additional 1,803 shares in the last quarter. Prudential Financial Inc. boosted its stake in Brookdale Senior Living by 57.8% in the second quarter. Prudential Financial Inc. now owns 1,112,727 shares of the company’s stock worth $16,368,000 after buying an additional 407,604 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in Brookdale Senior Living in the first quarter worth approximately $1,458,000. Finally, Neuberger Berman Group LLC boosted its stake in Brookdale Senior Living by 56.6% in the first quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after buying an additional 7,200 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded down 0.56% during trading on Friday, hitting $10.71. The company had a trading volume of 1,657,019 shares. Brookdale Senior Living Inc. has a 52 week low of $10.54 and a 52 week high of $16.45. The stock’s 50-day moving average price is $11.38 and its 200 day moving average price is $13.10. The company’s market capitalization is $2.00 billion.
Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.79). Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned ($0.19) EPS. Brookdale Senior Living’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Brookdale Senior Living Inc. will post $1.80 earnings per share for the current year.
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Several analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.50 target price (down previously from $16.50) on shares of Brookdale Senior Living in a research note on Monday, October 2nd. ValuEngine lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, September 3rd. BidaskClub lowered Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus cut their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.33.
About Brookdale Senior Living
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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