4,976,189 Shares in Brookdale Senior Living Inc. (NYSE:BKD) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,976,189 shares of the company’s stock, valued at approximately $28,961,000. Wellington Management Group LLP owned about 2.63% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. MQS Management LLC purchased a new stake in Brookdale Senior Living during the third quarter worth about $49,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth about $104,000. Aigen Investment Management LP purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth about $109,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth about $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brookdale Senior Living by 33.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,219 shares of the company’s stock worth $246,000 after purchasing an additional 10,649 shares in the last quarter.

Analyst Upgrades and Downgrades

BKD has been the subject of several recent research reports. StockNews.com downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Tuesday, April 9th.

Brookdale Senior Living Price Performance

BKD stock opened at $6.49 on Tuesday. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $6.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 10.23. Brookdale Senior Living Inc. has a 12 month low of $3.43 and a 12 month high of $7.62. The firm has a market capitalization of $1.25 billion, a P/E ratio of -8.43 and a beta of 1.34.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. The company had revenue of $782.83 million during the quarter. As a group, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.52 earnings per share for the current fiscal year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.