Nierenberg Investment Management Company LLC Purchases New Holdings in Brookdale Senior Living Inc. $BKD

Nierenberg Investment Management Company LLC bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 255,110 shares of the company’s stock, valued at approximately $4,104,720. Brookdale Senior Living accounts for about 0.0% of Nierenberg Investment Management Company LLC’s holdings, making the stock its 12th biggest holding. Nierenberg Investment Management Company LLC owned approximately 0.11% of Brookdale Senior Living as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BKD. Caitong International Asset Management Co. Ltd lifted its holdings in Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $66,000. Strs Ohio acquired a new stake in shares of Brookdale Senior Living during the 1st quarter valued at $70,000. Larson Financial Group LLC bought a new position in Brookdale Senior Living during the third quarter worth about $59,000. Finally, KBC Group NV bought a new stake in Brookdale Senior Living during the 4th quarter worth approximately $84,000.

Brookdale Senior Living Price Performance

Shares of BKD traded down $0.13 during mid-day trading on Friday, hitting $11.96. The stock had a trading volume of 834,891 shares, compared to its average volume of 4,638,435. Brookdale Senior Living Inc. has a 52 week low of $7.29 and a 52 week high of $17.09. The business has a fifty day moving average price of $14.19 and a 200-day moving average price of $14.06. The firm has a market cap of $2.86 billion, a P/E ratio of -20.62, a PEG ratio of 5.91 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The business had revenue of $718.58 million during the quarter, compared to analyst estimates of $735.63 million. As a group, research analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday. Barclays lowered their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Finally, Compass Point initiated coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living 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.