Allworth Financial LP Buys New Shares in Brookdale Senior Living Inc. $BKD

Allworth Financial LP acquired a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,213 shares of the company’s stock, valued at approximately $175,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKD. ProShare Advisors LLC boosted its position in shares of Brookdale Senior Living by 13.6% during the 2nd quarter. ProShare Advisors LLC now owns 47,079 shares of the company’s stock valued at $328,000 after acquiring an additional 5,643 shares during the last quarter. RWA Wealth Partners LLC bought a new stake in Brookdale Senior Living during the 2nd quarter valued at about $522,000. ANTIPODES PARTNERS Ltd boosted its position in Brookdale Senior Living by 3.4% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock valued at $98,504,000 after buying an additional 467,273 shares during the period. Jennison Associates LLC bought a new position in Brookdale Senior Living during the 2nd quarter worth about $481,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Brookdale Senior Living in the second quarter worth approximately $3,730,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKD shares. Royal Bank Of Canada upped their price target on Brookdale Senior Living from $9.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $8.00 to $14.00 in a research report on Monday, November 10th. Finally, Wall Street Zen cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Brookdale Senior Living currently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $10.58 on Wednesday. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $11.00. The company has a 50-day moving average price of $8.74 and a 200 day moving average price of $7.72. The stock has a market cap of $2.51 billion, a P/E ratio of -10.07 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative return on equity of 107.19% and a negative net margin of 7.60%.The business had revenue of $813.17 million for the quarter, compared to analyst estimates of $825.59 million. Sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

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.