AQR Capital Management LLC Raises Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

AQR Capital Management LLC increased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 328.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,871 shares of the company’s stock after purchasing an additional 143,262 shares during the quarter. AQR Capital Management LLC owned 0.10% of Brookdale Senior Living worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKD. Vanguard Group Inc. raised its position in Brookdale Senior Living by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,051,166 shares of the company’s stock worth $105,058,000 after acquiring an additional 169,751 shares during the period. BNP Paribas Financial Markets raised its position in Brookdale Senior Living by 70.5% in the first quarter. BNP Paribas Financial Markets now owns 2,194,198 shares of the company’s stock worth $14,504,000 after acquiring an additional 907,157 shares during the period. Berylson Capital Partners LLC bought a new position in Brookdale Senior Living in the fourth quarter worth approximately $1,397,000. Assenagon Asset Management S.A. bought a new position in Brookdale Senior Living in the second quarter worth approximately $9,603,000. Finally, Caxton Associates LP raised its position in Brookdale Senior Living by 135.4% in the first quarter. Caxton Associates LP now owns 141,196 shares of the company’s stock worth $933,000 after acquiring an additional 81,210 shares during the period.

Brookdale Senior Living Stock Up 1.4 %

Shares of BKD stock opened at $5.82 on Friday. The company’s fifty day simple moving average is $6.78 and its two-hundred day simple moving average is $6.89. Brookdale Senior Living Inc. has a 52 week low of $3.66 and a 52 week high of $8.12. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market cap of $1.12 billion, a P/E ratio of -7.56 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter last year, the firm earned ($0.15) EPS. Analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BKD has been the topic of several recent analyst reports. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday. Finally, Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $7.75 to $6.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.67.

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.