Iron Triangle Partners LP Purchases 1,138,361 Shares of Brookdale Senior Living Inc. $BKD

Iron Triangle Partners LP raised its position in Brookdale Senior Living Inc. (NYSE:BKD) by 67.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,838,361 shares of the company’s stock after acquiring an additional 1,138,361 shares during the quarter. Brookdale Senior Living makes up 3.4% of Iron Triangle Partners LP’s investment portfolio, making the stock its 15th largest position. Iron Triangle Partners LP owned 1.19% of Brookdale Senior Living worth $24,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Brookdale Senior Living by 3.4% during the first quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after purchasing an additional 36,604 shares during the period. AQR Capital Management LLC boosted its stake in shares of Brookdale Senior Living by 34.2% during the 1st quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock valued at $160,000 after purchasing an additional 6,507 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brookdale Senior Living by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after buying an additional 4,323 shares during the period. Millennium Management LLC increased its position in shares of Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after buying an additional 876,222 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Brookdale Senior Living in the first quarter worth about $181,000.

Brookdale Senior Living Stock Up 0.4%

Shares of Brookdale Senior Living stock opened at $13.96 on Monday. The company has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $11.03. The stock has a market capitalization of $3.32 billion, a PE ratio of -12.57 and a beta of 0.68. Brookdale Senior Living Inc. has a 52-week low of $4.97 and a 52-week high of $17.09. The company has a debt-to-equity ratio of 39.87, a quick ratio of 0.98 and a current ratio of 0.98.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm had revenue of $754.09 million for the quarter, compared to the consensus estimate of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BKD has been the topic of several research reports. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and raised their target price for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Zacks Research raised Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Barclays increased their price objective on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

About Brookdale Senior Living

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.