KLP Kapitalforvaltning AS Has $244,000 Stock Position in Brookdale Senior Living Inc. $BKD

KLP Kapitalforvaltning AS lifted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 7.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,100 shares of the company’s stock after purchasing an additional 2,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Brookdale Senior Living were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 valued at $45,000 after purchasing an additional 6,838 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $47,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the 1st quarter worth about $61,000. Walleye Capital LLC acquired a new stake in Brookdale Senior Living during the 1st quarter worth about $130,000. Finally, Optimize Financial Inc boosted its position in Brookdale Senior Living by 8.5% during the 1st quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock worth $152,000 after acquiring an additional 1,902 shares during the period.

Brookdale Senior Living Stock Up 0.9%

Shares of Brookdale Senior Living stock opened at $8.76 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -8.34 and a beta of 0.90. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.83 and a quick ratio of 0.83. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $9.09. The stock has a 50-day simple moving average of $7.94 and a 200-day simple moving average of $7.21.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.18) earnings per share (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 net margin of 7.60% and a negative return on equity of 107.19%. On average, equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BKD has been the subject of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 9th. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.33.

Brookdale Senior Living 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.