Allspring Global Investments Holdings LLC Decreases Holdings in Brookdale Senior Living Inc. $BKD

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 23.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 697,822 shares of the company’s stock after selling 208,396 shares during the period. Allspring Global Investments Holdings LLC owned 0.29% of Brookdale Senior Living worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in Brookdale Senior Living by 8.9% during the 2nd quarter. Marshall Wace LLP now owns 3,406,700 shares of the company’s stock worth $23,711,000 after buying an additional 279,232 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Brookdale Senior Living by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock worth $21,120,000 after buying an additional 358,012 shares during the last quarter. CenterBook Partners LP purchased a new stake in Brookdale Senior Living during the 3rd quarter worth about $2,181,000. Delta Investment Management LLC purchased a new stake in Brookdale Senior Living during the 3rd quarter worth about $836,000. Finally, Iron Triangle Partners LP lifted its holdings in Brookdale Senior Living by 67.0% during the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock worth $24,041,000 after buying an additional 1,138,361 shares during the last quarter.

Brookdale Senior Living Stock Down 0.8%

Shares of BKD stock opened at $13.85 on Tuesday. The stock has a market capitalization of $3.29 billion, a PE ratio of -12.47 and a beta of 0.73. Brookdale Senior Living Inc. has a 52-week low of $4.97 and a 52-week high of $17.09. The stock’s 50-day moving average price is $14.80 and its 200 day moving average price is $11.74.

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 analyst estimates of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. Analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BKD has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their target price for the company from $6.75 to $13.00 in a report on Tuesday, January 6th. Barclays boosted their target price on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Brookdale Senior Living Company Profile

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.