Assenagon Asset Management S.A. Has $1.10 Million Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. decreased its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 64.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,930 shares of the company’s stock after selling 313,169 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Brookdale Senior Living worth $1,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC raised its position in shares of Brookdale Senior Living by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 112,878 shares of the company’s stock worth $568,000 after acquiring an additional 1,953 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Brookdale Senior Living by 2.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 134,060 shares of the company’s stock worth $674,000 after acquiring an additional 2,821 shares in the last quarter. Rhumbline Advisers raised its position in shares of Brookdale Senior Living by 2.2% in the 1st quarter. Rhumbline Advisers now owns 280,596 shares of the company’s stock worth $1,757,000 after acquiring an additional 5,949 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Brookdale Senior Living by 1,999.4% in the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock worth $45,000 after acquiring an additional 6,838 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Brookdale Senior Living by 19.2% in the 4th quarter. State of Wyoming now owns 51,819 shares of the company’s stock worth $261,000 after acquiring an additional 8,335 shares in the last quarter.

Brookdale Senior Living Trading Up 1.0%

NYSE:BKD opened at $6.85 on Thursday. The company has a market cap of $1.60 billion, a P/E ratio of -6.58 and a beta of 0.81. The stock’s fifty day moving average price is $6.54 and its two-hundred day moving average price is $5.77. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 28.85, a current ratio of 0.82 and a quick ratio of 0.82.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Brookdale Senior Living had a negative net margin of 7.52% and a negative return on equity of 79.84%. As a group, analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased 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 note on Wednesday, April 16th. Royal Bank Of Canada boosted their target price on Brookdale Senior Living from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.70.

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.