Allspring Global Investments Holdings LLC Purchases 428,802 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC lifted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 124.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 772,095 shares of the company’s stock after acquiring an additional 428,802 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.39% of Brookdale Senior Living worth $4,718,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Flat Footed LLC increased its position in Brookdale Senior Living by 84.9% in the fourth quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after purchasing an additional 5,235,078 shares during the period. Wellington Management Group LLP boosted its stake 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. Rush Island Management LP grew its position in shares of Brookdale Senior Living by 62.3% during the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after buying an additional 3,187,294 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in shares of Brookdale Senior Living by 86.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock worth $38,031,000 after buying an additional 3,507,044 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brookdale Senior Living by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock worth $35,916,000 after buying an additional 164,239 shares during the last quarter.

Brookdale Senior Living Stock Down 0.6%

Shares of NYSE BKD opened at $6.84 on Friday. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.12. The company has a debt-to-equity ratio of 28.85, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $1.60 billion, a P/E ratio of -6.58 and a beta of 0.83. The firm has a 50 day moving average price of $6.72 and a 200 day moving average price of $5.89.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results 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 7.52% and a negative return on equity of 79.84%. Analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Ratings Changes

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

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.