Brookdale Senior Living Inc. (NYSE:BKD) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,095 shares of the company’s stock after selling 3,156 shares during the period. Stifel Financial Corp’s holdings in Brookdale Senior Living were worth $442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKD. Principal Financial Group Inc. boosted its stake in Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after buying an additional 111,686 shares during the last quarter. Vision Capital Corp raised its holdings in shares of Brookdale Senior Living by 27.8% during the 3rd quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock worth $12,483,000 after acquiring an additional 400,000 shares during the period. Victory Capital Management Inc. boosted its position in shares of Brookdale Senior Living by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after acquiring an additional 145,283 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Brookdale Senior Living in the third quarter valued at about $1,762,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Brookdale Senior Living by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 376,519 shares of the company’s stock worth $2,557,000 after purchasing an additional 110,130 shares during the last quarter.

Brookdale Senior Living Stock Down 1.2 %

Shares of NYSE BKD opened at $5.07 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $6.47. Brookdale Senior Living Inc. has a 52-week low of $4.89 and a 52-week high of $8.12. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -5.51 and a beta of 1.29.

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 firm had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter in the prior year, the firm posted ($0.22) EPS. Research analysts predict that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

BKD has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Bank of America cut 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 report on Monday, October 7th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.50.

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.