Senator Investment Group LP Takes Position in Brookdale Senior Living Inc. $BKD

by · The Cerbat Gem

Senator Investment Group LP purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,409,263 shares of the company’s stock, valued at approximately $36,786,000. Brookdale Senior Living accounts for approximately 1.5% of Senator Investment Group LP’s portfolio, making the stock its 26th biggest holding. Senator Investment Group LP owned about 1.43% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings 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 acquiring an additional 2,675 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living during the fourth quarter valued at $62,000. Larson Financial Group LLC acquired a new position in shares of Brookdale Senior Living during the third quarter valued at $59,000. KBC Group NV acquired a new position in shares of Brookdale Senior Living during the fourth quarter valued at $84,000. Finally, Strs Ohio acquired a new position in shares of Brookdale Senior Living during the first quarter valued at $61,000.

Brookdale Senior Living Stock Up 1.0%

BKD stock opened at $13.56 on Tuesday. The company has a market capitalization of $3.24 billion, a P/E ratio of -15.77 and a beta of 0.63. The company has a 50-day simple moving average of $13.34 and a 200 day simple moving average of $13.15. Brookdale Senior Living Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $17.09.

Brookdale Senior Living (NYSE:BKD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The company had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Equities analysts anticipate that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BKD shares. Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Stephens started coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One equities 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

View Our Latest Stock Report on Brookdale Senior Living

About Brookdale Senior Living

(Free Report)

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.

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