Charles Schwab Investment Management Inc. Sells 54,104 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Charles Schwab Investment Management Inc. decreased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953,083 shares of the company’s stock after selling 54,104 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.48% of Brookdale Senior Living worth $20,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Brookdale Senior Living by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 155,822 shares of the company’s stock worth $1,030,000 after acquiring an additional 6,537 shares during the period. SG Americas Securities LLC lifted its stake in shares of Brookdale Senior Living by 91.8% in the 2nd quarter. SG Americas Securities LLC now owns 37,845 shares of the company’s stock valued at $258,000 after acquiring an additional 18,109 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Brookdale Senior Living by 7.7% in the second quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after purchasing an additional 3,056 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Brookdale Senior Living during the second quarter valued at about $9,603,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of Brookdale Senior Living during the second quarter valued at approximately $8,513,000.

Insider Activity

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now owns 211,382 shares of the company’s stock, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

BKD has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group initiated 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. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two 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 company presently has an average rating of “Hold” and a consensus target price of $7.75.

Brookdale Senior Living Trading Down 1.0 %

Shares of Brookdale Senior Living stock opened at $5.55 on Friday. The firm’s 50 day simple moving average is $5.91 and its two-hundred day simple moving average is $6.62. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -6.03 and a beta of 1.29. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The business had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter in the prior year, the company posted ($0.22) EPS. Analysts predict that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

About Brookdale Senior Living

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.