Castleark Management LLC Makes New Investment in Brookdale Senior Living Inc. $BKD

Castleark Management LLC purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to its most recent filing with the SEC. The fund purchased 570,084 shares of the company’s stock, valued at approximately $9,173,000. Castleark Management LLC owned about 0.24% of Brookdale Senior Living at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in Brookdale Senior Living by 7.1% in the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after purchasing an additional 1,331 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookdale Senior Living by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock valued at $1,500,000 after buying an additional 1,436 shares during the period. Quantinno Capital Management LP grew its position in shares of Brookdale Senior Living by 4.5% during the 1st quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock valued at $662,000 after buying an additional 2,095 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Brookdale Senior Living by 5.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock valued at $531,000 after buying an additional 2,160 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares during the period.

Brookdale Senior Living Price Performance

BKD opened at $12.23 on Wednesday. The business has a 50 day moving average price of $14.25 and a two-hundred day moving average price of $14.11. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -21.09, a price-to-earnings-growth ratio of 5.87 and a beta of 0.60. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.16. The company had revenue of $718.58 million for 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%. Equities analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Compass Point started coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Barclays dropped their target price on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

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.