Victory Capital Management Inc. Has $21.12 Million Stake in Brookdale Senior Living Inc. $BKD

Victory Capital Management Inc. lifted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 16.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,493,480 shares of the company’s stock after acquiring an additional 358,012 shares during the quarter. Victory Capital Management Inc. owned approximately 1.06% of Brookdale Senior Living worth $21,120,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of Brookdale Senior Living in the first quarter valued at $61,000. Covestor Ltd lifted its stake in shares of 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 buying an additional 3,428 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of 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 grew 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 buying an additional 3,644 shares during the last quarter.

Brookdale Senior Living Stock Down 3.2%

Shares of BKD opened at $14.42 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a 12 month low of $4.97 and a 12 month high of $17.09. The firm’s 50 day moving average is $13.83 and its 200-day moving average is $10.85. The stock has a market capitalization of $3.43 billion, a PE ratio of -12.99 and a beta of 0.68.

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

Analyst Ratings Changes

Several brokerages have issued reports on BKD. Barclays raised their price objective on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Citigroup raised Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price target for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Finally, Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.