Mason Capital Management LLC Makes New $20.97 Million Investment in Brookdale Senior Living Inc. $BKD

Mason Capital Management LLC bought a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,475,964 shares of the company’s stock, valued at approximately $20,971,000. Brookdale Senior Living makes up 4.3% of Mason Capital Management LLC’s holdings, making the stock its 3rd largest position.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after acquiring an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. bought a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $45,804,000. Bank of America Corp DE lifted its holdings in shares of Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after purchasing an additional 238,042 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Brookdale Senior Living by 18.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,361,195 shares of the company’s stock worth $37,320,000 after purchasing an additional 838,862 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Brookdale Senior Living by 192.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock worth $32,372,000 after purchasing an additional 2,514,884 shares in the last quarter.

Brookdale Senior Living Stock Performance

BKD stock opened at $14.17 on Tuesday. The stock’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $11.07. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a 12-month low of $4.97 and a 12-month high of $17.09. The stock has a market capitalization of $3.37 billion, a PE ratio of -12.76 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The business had revenue of $754.09 million during the quarter, compared to the consensus estimate of $753.60 million. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Citigroup raised Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.