Allspring Global Investments Holdings LLC Decreases Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC reduced its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 43.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 601,385 shares of the company’s stock after selling 455,917 shares during the period. Allspring Global Investments Holdings LLC owned about 0.31% of Brookdale Senior Living worth $4,083,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $9,603,000. Hennessy Advisors Inc. purchased a new stake in Brookdale Senior Living during the second quarter valued at $8,513,000. American Century Companies Inc. increased its position in Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after buying an additional 1,228,473 shares in the last quarter. Iron Triangle Partners LP increased its position in Brookdale Senior Living by 21.4% in the first quarter. Iron Triangle Partners LP now owns 5,897,960 shares of the company’s stock worth $38,986,000 after buying an additional 1,038,353 shares in the last quarter. Finally, BNP Paribas Financial Markets increased 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 buying an additional 907,157 shares in the last quarter.

Brookdale Senior Living Trading Up 3.1 %

Shares of NYSE:BKD opened at $6.31 on Tuesday. Brookdale Senior Living Inc. has a 12-month low of $3.66 and a 12-month high of $8.12. The business’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $6.86. The company has a market capitalization of $1.22 billion, a PE ratio of -8.19 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last announced 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). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The business had revenue of $777.54 million for the quarter. During the same quarter last year, the business posted ($0.15) EPS. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BKD. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Bank of America downgraded 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, October 7th. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, 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, October 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Brookdale Senior Living presently has an average rating of “Hold” and an average target price of $7.75.

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.