Quantbot Technologies LP Takes $940,000 Position in Brookdale Senior Living Inc. $BKD

Quantbot Technologies LP acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 58,392 shares of the company’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKD. State of New Jersey Common Pension Fund D purchased a new stake in Brookdale Senior Living during the 4th quarter worth about $2,202,000. WCM Investment Management LLC acquired a new stake in shares of Brookdale Senior Living during the 1st quarter worth about $171,681,000. Castleark Management LLC purchased a new stake in shares of Brookdale Senior Living during the first quarter worth about $8,187,000. Luxor Capital Group LP raised its position in shares of Brookdale Senior Living by 154.7% in the first quarter. Luxor Capital Group LP now owns 2,929,492 shares of the company’s stock valued at $40,075,000 after buying an additional 1,779,492 shares during the last quarter. Finally, Sculptor Capital LP lifted its stake in shares of Brookdale Senior Living by 48.3% during the first quarter. Sculptor Capital LP now owns 1,780,000 shares of the company’s stock valued at $24,350,000 after buying an additional 580,000 shares during the period.

Brookdale Senior Living Stock Performance

BKD opened at $12.20 on Thursday. Brookdale Senior Living Inc. has a 1 year low of $7.29 and a 1 year high of $17.09. The firm has a 50 day moving average price of $14.22 and a 200 day moving average price of $14.09. The company has a market cap of $2.91 billion, a PE ratio of -21.03, a price-to-earnings-growth ratio of 5.91 and a beta of 0.60.

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, beating analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The firm had revenue of $718.58 million for the quarter, compared to analysts’ expectations of $735.63 million. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays lowered their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

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.