Intech Investment Management LLC Buys Shares of 60,159 Brookdale Senior Living Inc. (NYSE:BKD)

Intech Investment Management LLC acquired a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 60,159 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors also recently bought and sold shares of BKD. nVerses Capital LLC bought a new position in Brookdale Senior Living in the second quarter worth about $25,000. Headlands Technologies LLC purchased a new position in Brookdale Senior Living in the second quarter worth $26,000. Innealta Capital LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth $52,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living during the 2nd quarter valued at $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter worth $100,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BKD shares. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 price target 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Stock Performance

Shares of NYSE BKD opened at $5.58 on Tuesday. Brookdale Senior Living Inc. has a 1 year low of $5.08 and a 1 year high of $8.12. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.11 billion, a PE ratio of -6.07 and a beta of 1.32. The company’s fifty day moving average price is $6.00 and its 200 day moving average price is $6.65.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same period in the previous year, the business earned ($0.22) earnings per share. On average, research analysts predict 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.