Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,070,618 shares of the company’s stock after buying an additional 15,000 shares during the period. First Eagle Investment Management LLC owned approximately 0.55% of Brookdale Senior Living worth $7,312,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Brookdale Senior Living in the 2nd quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Brookdale Senior Living in the second quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living during the second quarter worth about $52,000. Lazard Asset Management LLC boosted its position in Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Brookdale Senior Living in the 2nd quarter worth approximately $100,000.

Analysts Set New Price Targets

BKD has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Monday, August 12th. Macquarie assumed coverage on Brookdale Senior Living in a research note on Friday, June 28th. They set an “outperform” rating and a $7.50 price objective for the company. Finally, StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brookdale Senior Living has an average rating of “Hold” and an average price target of $7.50.

Brookdale Senior Living Stock Up 1.5 %

BKD opened at $6.85 on Friday. The company has a fifty day moving average of $7.19 and a two-hundred day moving average of $6.86. The company has a debt-to-equity ratio of 11.21, a quick ratio of 0.79 and a current ratio of 0.79. Brookdale Senior Living Inc. has a fifty-two week low of $3.62 and a fifty-two week high of $8.12. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -8.90 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same period last year, the firm earned ($0.15) earnings per share. On average, research analysts expect that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current year.

Brookdale Senior Living Company 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.