Russell Investments Group Ltd. Raises Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Russell Investments Group Ltd. lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 37.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,038 shares of the company’s stock after buying an additional 32,663 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Brookdale Senior Living worth $609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd boosted its stake in Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after acquiring an additional 3,507,044 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Brookdale Senior Living by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock valued at $49,878,000 after purchasing an additional 2,089,242 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Brookdale Senior Living by 18.2% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 6,792,160 shares of the company’s stock valued at $34,165,000 after purchasing an additional 1,043,920 shares during the period. JPMorgan Chase & Co. grew its stake in Brookdale Senior Living by 247.3% during the 4th quarter. JPMorgan Chase & Co. now owns 710,014 shares of the company’s stock worth $3,571,000 after buying an additional 505,569 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Brookdale Senior Living by 40.8% during the fourth quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company’s stock worth $8,254,000 after buying an additional 475,268 shares during the period.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $5.90 on Wednesday. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $1.18 billion, a PE ratio of -6.62 and a beta of 0.87. The stock has a fifty day moving average price of $5.84 and a 200 day moving average price of $5.55. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The firm had revenue of $780.95 million during the quarter, compared to analyst estimates of $781.78 million. Sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BKD shares. Barclays increased their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.50.

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.