Intech Investment Management LLC Decreases Stock Position in Brookdale Senior Living Inc. $BKD

Intech Investment Management LLC reduced its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 37.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,119 shares of the company’s stock after selling 51,754 shares during the quarter. Intech Investment Management LLC’s holdings in Brookdale Senior Living were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKD. Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter valued at $61,000. Covestor Ltd increased its position in Brookdale Senior Living by 55.8% during the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock worth $81,000 after purchasing an additional 3,428 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Brookdale Senior Living during the 3rd quarter worth about $85,000. Levin Capital Strategies L.P. acquired a new position in Brookdale Senior Living in the 3rd quarter valued at about $85,000. Finally, Lazard Asset Management LLC raised its stake in Brookdale Senior Living by 41.0% in the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after purchasing an additional 3,644 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BKD. Zacks Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $6.75 to $13.00 in a report on Tuesday, January 6th. Finally, Barclays lifted their price objective on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $14.42 on Tuesday. The company’s fifty day simple moving average is $13.83 and its 200-day simple moving average is $10.85. Brookdale Senior Living Inc. has a 52 week low of $4.97 and a 52 week high of $17.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. The company has a market cap of $3.43 billion, a PE ratio of -12.99 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million for the quarter, compared to analyst estimates of $753.60 million. Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%. As a group, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.