Los Angeles Capital Management LLC Cuts Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Los Angeles Capital Management LLC cut its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,190 shares of the company’s stock after selling 57,990 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Brookdale Senior Living were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MQS Management LLC bought a new stake in Brookdale Senior Living in the third quarter worth $49,000. Allspring Global Investments Holdings LLC lifted its position in Brookdale Senior Living by 812.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,244 shares of the company’s stock valued at $51,000 after purchasing an additional 10,902 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brookdale Senior Living by 51.5% during the third quarter. Principal Financial Group Inc. now owns 27,427 shares of the company’s stock valued at $114,000 after purchasing an additional 9,319 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Brookdale Senior Living in the third quarter worth approximately $180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brookdale Senior Living by 33.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,219 shares of the company’s stock worth $246,000 after buying an additional 10,649 shares during the period.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $7.01 on Thursday. The company has a market cap of $1.33 billion, a PE ratio of -8.34 and a beta of 1.32. The business has a 50 day moving average of $6.49 and a 200 day moving average of $5.72. Brookdale Senior Living Inc. has a 52 week low of $3.33 and a 52 week high of $7.62. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 9.40.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.21). The company had revenue of $754.48 million during the quarter. Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. As a group, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Tuesday, April 9th. StockNews.com raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Wednesday.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.