American Century Companies Inc. Increases Stock Holdings in Brookdale Senior Living Inc. $BKD

American Century Companies Inc. boosted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 7.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,234,645 shares of the company’s stock after acquiring an additional 159,098 shares during the quarter. American Century Companies Inc. owned 0.95% of Brookdale Senior Living worth $13,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKD. ANTIPODES PARTNERS Ltd boosted its holdings in Brookdale Senior Living by 81.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company’s stock valued at $85,672,000 after acquiring an additional 6,124,238 shares during the period. Flat Footed LLC boosted its stake in shares of 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 buying an additional 5,235,078 shares during the period. Rush Island Management LP boosted its stake in shares of Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock valued at $41,769,000 after buying an additional 3,187,294 shares during the period. Nuveen LLC purchased a new position in shares of Brookdale Senior Living in the 1st quarter valued at about $13,088,000. Finally, 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 buying an additional 2,089,242 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BKD. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Finally, Barclays set a $8.00 target price on Brookdale Senior Living and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.80.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $7.6540 on Tuesday. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.01. The firm has a market capitalization of $1.79 billion, a PE ratio of -7.29 and a beta of 0.87. The stock’s 50-day simple moving average is $7.34 and its 200-day simple moving average is $6.55.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The firm had revenue of $812.94 million for the quarter, compared to analyst estimates of $817.63 million. Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%. As a group, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

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.