Brookdale Senior Living Inc. (NYSE:BKD) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 6,029.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,868 shares of the company’s stock after acquiring an additional 9,707 shares during the period. Lazard Asset Management LLC’s holdings in Brookdale Senior Living were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKD. Flat Footed LLC increased its stake in Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock valued at $57,351,000 after purchasing an additional 5,235,078 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings 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 purchasing an additional 3,507,044 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Brookdale Senior Living by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock valued at $49,878,000 after buying an additional 2,089,242 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Brookdale Senior Living by 77.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company’s stock worth $18,529,000 after buying an additional 1,609,997 shares during the last quarter. Finally, Landmark Investment Partners L.P. acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth $7,374,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BKD shares. Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Royal Bank of Canada raised their price objective on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Finally, Barclays lifted their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $6.43 on Monday. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -7.22 and a beta of 0.83. The company’s 50-day moving average is $6.26 and its two-hundred day moving average is $5.62. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

About Brookdale Senior Living

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.