Janus Henderson Group PLC Grows Stock Holdings in Brookdale Senior Living Inc. $BKD

Janus Henderson Group PLC lifted its position in Brookdale Senior Living Inc. (NYSE:BKD) by 387.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 511,502 shares of the company’s stock after purchasing an additional 406,564 shares during the quarter. Janus Henderson Group PLC’s holdings in Brookdale Senior Living were worth $6,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after buying an additional 2,675 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Brookdale Senior Living in the third quarter worth approximately $59,000. Strs Ohio purchased a new stake in Brookdale Senior Living in the first quarter worth approximately $61,000. KBC Group NV bought a new position in Brookdale Senior Living during the fourth quarter valued at approximately $84,000. Finally, Lazard Asset Management LLC grew its position in Brookdale Senior Living by 41.0% during the second quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after acquiring an additional 3,644 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BKD shares. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stephens started coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target for the company. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $14.39 on Thursday. Brookdale Senior Living Inc. has a fifty-two week low of $6.99 and a fifty-two week high of $17.09. The firm has a market cap of $3.44 billion, a PE ratio of -16.74 and a beta of 0.60. The business has a 50 day moving average price of $14.26 and a 200-day moving average price of $14.20.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $764.86 million during the quarter, compared to analysts’ expectations of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Research analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

About Brookdale Senior Living

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.