Brookdale Senior Living Inc. $BKD Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 100.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,330 shares of the company’s stock after buying an additional 230,118 shares during the quarter. Sei Investments Co.’s holdings in Brookdale Senior Living were worth $6,297,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Militia Capital Management LLC acquired a new position in Brookdale Senior Living during the 1st quarter worth $4,320,000. NewEdge Wealth LLC bought a new stake in shares of Brookdale Senior Living during the first quarter valued at about $1,094,000. First Trust Advisors LP lifted its holdings in Brookdale Senior Living by 30.9% in the first quarter. First Trust Advisors LP now owns 907,132 shares of the company’s stock worth $12,410,000 after purchasing an additional 213,917 shares during the period. WCM Investment Management LLC acquired a new stake in Brookdale Senior Living in the first quarter worth about $171,681,000. Finally, Dimensional Fund Advisors LP grew its position in Brookdale Senior Living by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock valued at $71,061,000 after buying an additional 173,454 shares in the last quarter.

Analyst Upgrades and Downgrades

BKD has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Stephens initiated coverage on shares of 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. Compass Point assumed coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Brookdale Senior Living Trading Down 1.4%

Shares of Brookdale Senior Living stock opened at $14.39 on Tuesday. Brookdale Senior Living Inc. has a 52 week low of $6.99 and a 52 week high of $17.09. The stock has a market cap of $3.44 billion, a PE ratio of -16.74 and a beta of 0.58. The company’s 50-day moving average price is $14.23 and its two-hundred day moving average price is $14.15.

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

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.