First Eagle Investment Management LLC Reduces Stock Position in Brookdale Senior Living Inc. $BKD

First Eagle Investment Management LLC lowered its position in Brookdale Senior Living Inc. (NYSE:BKD) by 2.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,935,586 shares of the company’s stock after selling 52,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Brookdale Senior Living were worth $13,472,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BKD. Assenagon Asset Management S.A. boosted its position in Brookdale Senior Living by 647.2% during the second quarter. Assenagon Asset Management S.A. now owns 1,307,068 shares of the company’s stock worth $9,097,000 after purchasing an additional 1,132,138 shares in the last quarter. Anson Funds Management LP raised its stake in shares of Brookdale Senior Living by 199.4% during the 1st quarter. Anson Funds Management LP now owns 538,880 shares of the company’s stock worth $3,373,000 after buying an additional 358,880 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Brookdale Senior Living by 7.7% in the 1st quarter. American Century Companies Inc. now owns 2,234,645 shares of the company’s stock worth $13,989,000 after buying an additional 159,098 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Brookdale Senior Living in the 2nd quarter valued at about $3,730,000. Finally, KLP Kapitalforvaltning AS increased its holdings in Brookdale Senior Living by 7.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 35,100 shares of the company’s stock valued at $244,000 after acquiring an additional 2,300 shares in the last quarter.

Wall Street Analyst Weigh In

BKD has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays set a $8.00 price objective on Brookdale Senior Living and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $8.33.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $9.12 on Friday. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $9.38. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50 day moving average price of $8.33 and a 200 day moving average price of $7.48. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -8.68 and a beta of 0.96.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.32). The company had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. Sell-side analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Brookdale Senior Living Company Profile

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.