SG Americas Securities LLC Increases Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

SG Americas Securities LLC lifted its position in Brookdale Senior Living Inc. (NYSE:BKD) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,053 shares of the company’s stock after purchasing an additional 5,208 shares during the quarter. SG Americas Securities LLC’s holdings in Brookdale Senior Living were worth $292,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Brookdale Senior Living during the second quarter worth about $3,998,000. Algert Global LLC purchased a new position in Brookdale Senior Living during the second quarter worth about $124,000. Mackenzie Financial Corp boosted its stake in Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after buying an additional 2,697 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Brookdale Senior Living by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after buying an additional 6,508 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Brookdale Senior Living by 328.5% during the second quarter. AQR Capital Management LLC now owns 186,871 shares of the company’s stock worth $1,276,000 after buying an additional 143,262 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.75.

Brookdale Senior Living Stock Down 0.5 %

Shares of NYSE:BKD opened at $6.58 on Monday. The firm’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.88. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -8.55 and a beta of 1.31. Brookdale Senior Living Inc. has a fifty-two week low of $3.66 and a fifty-two 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.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $777.54 million during 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 business posted ($0.15) earnings per share. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current fiscal 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.