Assenagon Asset Management S.A. Lowers Position in Brookdale Senior Living Inc. $BKD

Assenagon Asset Management S.A. lessened its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,679,729 shares of the company’s stock after selling 1,142,223 shares during the quarter. Assenagon Asset Management S.A. owned about 1.13% of Brookdale Senior Living worth $28,914,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BKD. Royal Bank of Canada raised its stake in Brookdale Senior Living by 3.4% in the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock valued at $6,888,000 after purchasing an additional 36,604 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Brookdale Senior Living by 34.2% in the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after buying an additional 6,507 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after buying an additional 4,323 shares during the last quarter. Millennium Management LLC raised its position in shares of Brookdale Senior Living by 67.7% during the 1st quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after buying an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brookdale Senior Living during the 1st quarter valued at $181,000.

Brookdale Senior Living Price Performance

BKD stock opened at $13.82 on Thursday. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.98 and a current ratio of 0.98. Brookdale Senior Living Inc. has a 52 week low of $4.97 and a 52 week high of $17.09. The firm’s fifty day moving average is $14.57 and its 200 day moving average is $11.36. The firm has a market cap of $3.29 billion, a P/E ratio of -12.45 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, February 18th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The business had revenue of $754.09 million during the quarter, compared to analysts’ expectations of $753.60 million. Research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Finally, Barclays increased 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 equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

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.