Brookdale Senior Living Inc. $BKD Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 41.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 145,304 shares of the company’s stock after selling 101,122 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brookdale Senior Living were worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKD. Caitong International Asset Management Co. Ltd grew its position in shares of Brookdale Senior Living by 44,583.3% in 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 during the last quarter. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth approximately $59,000. Strs Ohio acquired a new position in shares of Brookdale Senior Living during the 1st quarter worth approximately $61,000. FNY Investment Advisers LLC acquired a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $62,000. Finally, KBC Group NV purchased a new stake in Brookdale Senior Living in the 4th quarter valued at approximately $84,000.

Brookdale Senior Living Trading Down 2.5%

Brookdale Senior Living stock opened at $15.04 on Thursday. The stock has a fifty day moving average price of $13.74 and a 200 day moving average price of $13.66. Brookdale Senior Living Inc. has a 52 week low of $6.99 and a 52 week high of $17.09. The firm has a market capitalization of $3.59 billion, a P/E ratio of -17.48 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $764.86 million during 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%. As a group, equities analysts predict that Brookdale Senior Living Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Stephens started coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Company 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.