GSA Capital Partners LLP Lowers Stake in Brookdale Senior Living Inc. (NYSE:BKD)

GSA Capital Partners LLP reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 95.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,234 shares of the company’s stock after selling 266,018 shares during the period. GSA Capital Partners LLP’s holdings in Brookdale Senior Living were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BKD. Assenagon Asset Management S.A. purchased a new position in shares of Brookdale Senior Living during the second quarter worth approximately $9,603,000. Hennessy Advisors Inc. purchased a new position in Brookdale Senior Living in the 2nd quarter worth $8,513,000. American Century Companies Inc. lifted its stake 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 purchasing an additional 1,228,473 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Brookdale Senior Living during the second quarter valued at about $3,998,000. Finally, Marshall Wace LLP grew its stake in shares of Brookdale Senior Living by 35.4% during the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock valued at $13,228,000 after buying an additional 506,114 shares during the last quarter.

Analyst Ratings Changes

BKD has been the subject of several analyst reports. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, 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. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average price target of $7.75.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $5.56 on Tuesday. The business has a 50 day moving average of $6.13 and a 200 day moving average of $6.72. Brookdale Senior Living Inc. has a 52 week low of $5.08 and a 52 week high of $8.12. The company has a market cap of $1.11 billion, a PE ratio of -6.04 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter last year, the company posted ($0.22) earnings per share. As a group, equities research analysts forecast that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

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.