Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,971 shares of the company’s stock after purchasing an additional 2,697 shares during the period. Mackenzie Financial Corp’s holdings in Brookdale Senior Living were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Brookdale Senior Living in the 4th quarter worth about $28,961,000. Assenagon Asset Management S.A. purchased a new stake in Brookdale Senior Living in the 2nd quarter valued at about $9,603,000. Hennessy Advisors Inc. purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $8,513,000. American Century Companies Inc. lifted its stake in Brookdale Senior Living by 63.6% during the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, Iron Triangle Partners LP lifted its stake in Brookdale Senior Living by 21.4% during the 1st quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after acquiring an additional 1,038,353 shares in the last quarter.

Brookdale Senior Living Trading Down 4.0 %

Shares of BKD stock opened at $5.95 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The business’s 50 day moving average is $6.90 and its two-hundred day moving average is $6.91. Brookdale Senior Living Inc. has a twelve month low of $3.64 and a twelve month high of $8.12. The company has a market capitalization of $1.15 billion, a P/E ratio of -7.73 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last posted 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). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. The business had revenue of $777.54 million during the quarter. During the same quarter in the previous year, the business posted ($0.15) EPS. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on BKD shares. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $7.75 to $6.00 in a research note on Monday. Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Tuesday, October 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of “Hold” and a consensus price target of $7.67.

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.