NewEdge Wealth LLC Purchases New Holdings in Brookdale Senior Living Inc. $BKD

NewEdge Wealth LLC acquired a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 85,106 shares of the company’s stock, valued at approximately $1,369,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKD. Caitong International Asset Management Co. Ltd raised its stake in Brookdale Senior Living by 44,583.3% during the 4th 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 period. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the third quarter valued at $59,000. Strs Ohio purchased a new position in shares of Brookdale Senior Living during the first quarter valued at $61,000. Persistent Asset Partners Ltd acquired a new position in Brookdale Senior Living during the second quarter valued at $66,000. Finally, Lazard Asset Management LLC raised its position in Brookdale Senior Living by 41.0% during the second quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after buying an additional 3,644 shares during the period.

Analyst Ratings Changes

BKD has been the subject of a number of research reports. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research 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 target price on the stock. Finally, Barclays reduced their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and an average target price of $17.40.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $11.81 on Friday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -20.36, a PEG ratio of 5.72 and a beta of 0.60. Brookdale Senior Living Inc. has a one year low of $7.29 and a one year high of $17.09. The company’s fifty day moving average price is $14.31 and its two-hundred day moving average price is $14.17.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $718.58 million during the quarter, compared to analysts’ expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current 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.