Senator Investment Group LP Makes New $36.79 Million Investment in Brookdale Senior Living Inc. $BKD

Senator Investment Group LP purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,409,263 shares of the company’s stock, valued at approximately $36,786,000. Brookdale Senior Living comprises approximately 1.5% of Senator Investment Group LP’s investment portfolio, making the stock its 26th biggest holding.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Compass Point assumed coverage on Brookdale Senior Living in a report on Monday. They set a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings downgraded Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Stephens assumed coverage on Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brookdale Senior Living has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Trading Up 1.0%

NYSE BKD opened at $13.56 on Tuesday. The stock’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.15. The company has a market cap of $3.24 billion, a PE ratio of -15.77 and a beta of 0.63. Brookdale Senior Living Inc. has a 1 year low of $6.59 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $764.86 million for the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. Research analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

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.