Millennium Management LLC Cuts Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Millennium Management LLC reduced its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 50.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,294,939 shares of the company’s stock after selling 1,314,992 shares during the period. Millennium Management LLC owned 0.65% of Brookdale Senior Living worth $6,514,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKD. R Squared Ltd purchased a new stake in Brookdale Senior Living in the fourth quarter worth about $33,000. Lazard Asset Management LLC increased its stake in shares of Brookdale Senior Living by 6,029.2% during the fourth quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after purchasing an additional 9,707 shares in the last quarter. Crestline Management LP bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $64,000. Freestone Grove Partners LP bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $65,000. Finally, Cibc World Markets Corp bought a new stake in shares of Brookdale Senior Living during the fourth quarter valued at approximately $90,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of 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. Macquarie reiterated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Finally, Royal Bank of Canada boosted their target price on shares of Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $7.70.

Brookdale Senior Living Stock Performance

Brookdale Senior Living stock opened at $6.61 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. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12. The firm has a market capitalization of $1.55 billion, a P/E ratio of -7.42 and a beta of 0.83. The company’s 50-day moving average is $6.28 and its 200 day moving average is $5.63.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, hitting 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 forecast 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.