739,175 Shares in Brookdale Senior Living Inc. $BKD Acquired by Gagnon Securities LLC

Gagnon Securities LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 739,175 shares of the company’s stock, valued at approximately $8,005,000. Brookdale Senior Living comprises 1.4% of Gagnon Securities LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of BKD. WCM Investment Management LLC purchased a new stake in Brookdale Senior Living in the first quarter worth $171,681,000. Eversept Partners LP lifted its position in shares of Brookdale Senior Living by 851.8% during the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after buying an additional 3,193,626 shares during the last quarter. Park West Asset Management LLC purchased a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $49,491,000. Deutsche Bank AG purchased a new position in shares of Brookdale Senior Living during the 2nd quarter valued at $46,167,000. Finally, Sculptor Capital LP bought a new position in shares of Brookdale Senior Living during the 2nd quarter worth $28,640,000.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $9.22 on Thursday. The stock’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $13.21. Brookdale Senior Living Inc. has a 1 year low of $8.79 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $712.07 million during the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. On average, analysts expect that Brookdale Senior Living Inc. will post -0.05 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BKD. Stephens decreased their price objective on Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “strong sell” rating in a report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Finally, Barclays cut their target price on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.60.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.