Sculptor Capital LP Buys Shares of 1,780,000 Brookdale Senior Living Inc. $BKD

Sculptor Capital LP bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,780,000 shares of the company’s stock, valued at approximately $28,640,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKD. Caitong International Asset Management Co. Ltd increased its stake in shares of Brookdale Senior Living by 44,583.3% during the fourth 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 during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Brookdale Senior Living in the second quarter worth about $43,000. Larson Financial Group LLC purchased a new stake in Brookdale Senior Living in the third quarter worth about $59,000. Strs Ohio bought a new position in Brookdale Senior Living during the 1st quarter worth about $61,000. Finally, Persistent Asset Partners Ltd bought a new position in Brookdale Senior Living during the 2nd quarter worth about $66,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BKD shares. Barclays reduced their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Compass Point began coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Brookdale Senior Living Trading Up 0.9%

Shares of BKD opened at $12.23 on Wednesday. Brookdale Senior Living Inc. has a 12 month low of $7.29 and a 12 month high of $17.09. The stock has a fifty day moving average price of $14.25 and a 200-day moving average price of $14.11. The firm has a market cap of $2.92 billion, a PE ratio of -21.09, a P/E/G ratio of 5.87 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The firm had revenue of $718.58 million for the quarter, compared to the consensus estimate of $735.63 million. As a group, research analysts forecast that Brookdale Senior Living Inc. will post 0.06 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.