Brookdale Senior Living Inc. (NYSE:BKD) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,445 shares of the company’s stock after acquiring an additional 40,433 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Brookdale Senior Living worth $1,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKD. Mackenzie Financial Corp raised its position in shares of Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after purchasing an additional 2,697 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Brookdale Senior Living by 13.8% during the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock worth $292,000 after purchasing an additional 5,208 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Brookdale Senior Living by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after acquiring an additional 6,508 shares during the period. Aigen Investment Management LP grew its stake in Brookdale Senior Living by 69.5% in the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after acquiring an additional 10,647 shares during the period. Finally, Sei Investments Co. purchased a new stake in Brookdale Senior Living in the 2nd quarter worth approximately $81,000.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $4.91 on Friday. Brookdale Senior Living Inc. has a 12 month low of $4.70 and a 12 month high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $977.14 million, a P/E ratio of -5.33 and a beta of 1.31. The company’s fifty day moving average price is $5.21 and its two-hundred day moving average price is $6.23.

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 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 firm had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were 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 in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKD. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Friday, December 20th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Company 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.