Brookdale Senior Living (NYSE:BKD) Sees Unusually-High Trading Volume – What’s Next?

Brookdale Senior Living Inc. (NYSE:BKD) shares saw unusually-strong trading volume on Thursday . Approximately 14,635,950 shares traded hands during mid-day trading, an increase of 455% from the previous session’s volume of 2,636,196 shares.The stock last traded at $5.84 and had previously closed at $5.89.

Analyst Ratings Changes

BKD has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 20th. Macquarie reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

The stock has a 50 day moving average price of $5.41 and a two-hundred day moving average price of $5.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -6.89 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKD. Principal Financial Group Inc. lifted its stake in Brookdale Senior Living by 449.5% in the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after buying an additional 111,686 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Brookdale Senior Living in the 3rd quarter worth $1,775,000. Hedges Asset Management LLC increased its holdings in Brookdale Senior Living by 28.0% during the 4th quarter. Hedges Asset Management LLC now owns 265,000 shares of the company’s stock worth $1,333,000 after purchasing an additional 58,000 shares in the last quarter. Hennessy Advisors Inc. raised its stake in shares of Brookdale Senior Living by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock valued at $7,543,000 after purchasing an additional 95,700 shares during the period. Finally, Anson Funds Management LP lifted its holdings in shares of Brookdale Senior Living by 261.6% in the third quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock valued at $3,069,000 after purchasing an additional 327,000 shares in the last quarter.

About Brookdale Senior Living

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.