SG Americas Securities LLC Boosts Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

SG Americas Securities LLC raised its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 38.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,703 shares of the company’s stock after buying an additional 16,650 shares during the period. SG Americas Securities LLC’s holdings in Brookdale Senior Living were worth $300,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BKD. Adelante Capital Management LLC purchased a new stake in shares of Brookdale Senior Living in the 3rd quarter worth $12,076,000. Rush Island Management LP grew its holdings in Brookdale Senior Living by 31.9% during the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after purchasing an additional 1,237,727 shares during the period. Wellington Management Group LLP increased its position in Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares in the last quarter. Vision Capital Corp raised its stake in shares of Brookdale Senior Living by 27.8% in the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock worth $12,483,000 after buying an additional 400,000 shares during the period. Finally, Anson Funds Management LP lifted its position in shares of Brookdale Senior Living by 261.6% during the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock valued at $3,069,000 after buying an additional 327,000 shares in the last quarter.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $4.71 on Thursday. The firm has a market cap of $937.30 million, a price-to-earnings ratio of -5.11 and a beta of 1.29. The firm has a fifty day moving average price of $5.09 and a 200 day moving average price of $6.05. Brookdale Senior Living Inc. has a fifty-two week low of $4.51 and a fifty-two week 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.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results 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 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 the consensus estimate of $785.61 million. During the same period last year, the firm posted ($0.22) earnings per share. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BKD shares. Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Royal Bank of Canada restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Finally, Jefferies Financial Group assumed 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 for the company. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.50.

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.