Atria Investments Inc Buys 16,878 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Atria Investments Inc increased its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 68.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,469 shares of the company’s stock after purchasing an additional 16,878 shares during the quarter. Atria Investments Inc’s holdings in Brookdale Senior Living were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after buying an additional 111,686 shares during the period. Hedges Asset Management LLC lifted its holdings in shares of Brookdale Senior Living by 13.7% in the 3rd quarter. Hedges Asset Management LLC now owns 207,000 shares of the company’s stock worth $1,406,000 after acquiring an additional 25,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Brookdale Senior Living by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,475,211 shares of the company’s stock worth $10,017,000 after purchasing an additional 69,171 shares during the period. SG Americas Securities LLC grew its holdings in Brookdale Senior Living by 13.8% during the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after purchasing an additional 5,208 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brookdale Senior Living during the 2nd quarter valued at about $3,998,000.

Brookdale Senior Living Stock Up 2.8 %

Shares of NYSE BKD opened at $5.48 on Friday. Brookdale Senior Living Inc. has a 52-week low of $5.08 and a 52-week high of $8.12. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -5.88 and a beta of 1.32. The stock has a 50 day moving average price of $6.16 and a 200 day moving average price of $6.73. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Sell-side analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Company 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.