Charles Schwab Investment Management Inc. Boosts Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Charles Schwab Investment Management Inc. lifted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,017,897 shares of the company’s stock after purchasing an additional 64,814 shares during the period. Charles Schwab Investment Management Inc. owned 1.51% of Brookdale Senior Living worth $15,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Brookdale Senior Living during the fourth quarter valued at approximately $33,000. Principal Financial Group Inc. grew its position in Brookdale Senior Living by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 150,025 shares of the company’s stock worth $755,000 after purchasing an additional 13,494 shares during the period. Quest Partners LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth $104,000. SG Americas Securities LLC boosted its stake in shares of Brookdale Senior Living by 38.7% during the 4th quarter. SG Americas Securities LLC now owns 59,703 shares of the company’s stock worth $300,000 after acquiring an additional 16,650 shares during the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Brookdale Senior Living by 68.6% during the 3rd quarter. Atria Investments Inc now owns 41,469 shares of the company’s stock worth $282,000 after acquiring an additional 16,878 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Brookdale Senior Living has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Stock Up 0.6 %

BKD opened at $6.15 on Friday. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $8.12. The firm’s fifty day moving average is $5.29 and its 200 day moving average is $5.68. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -6.90 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. The firm had revenue of $780.95 million for the quarter, compared to analysts’ expectations of $781.78 million. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

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.