Park West Asset Management LLC Purchases Shares of 3,075,883 Brookdale Senior Living Inc. $BKD

Park West Asset Management LLC acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,075,883 shares of the company’s stock, valued at approximately $49,491,000. Brookdale Senior Living makes up approximately 3.4% of Park West Asset Management LLC’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of BKD. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $29,000 after buying an additional 2,675 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Brookdale Senior Living during the 2nd quarter valued at $43,000. Larson Financial Group LLC purchased a new position in Brookdale Senior Living during the 3rd quarter worth $59,000. Strs Ohio purchased a new position in Brookdale Senior Living during the 1st quarter worth $61,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Brookdale Senior Living in the 2nd quarter worth $66,000.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $12.20 on Thursday. The company has a market capitalization 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 Inc. has a 52-week low of $7.29 and a 52-week high of $17.09. The company has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $14.09.

Brookdale Senior Living (NYSE:BKD) last released its 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 during the quarter, compared to the consensus estimate of $735.63 million. As a group, analysts forecast that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Compass Point initiated coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 target price for the company. Barclays reduced their price objective 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.