Swiss National Bank Raises Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Swiss National Bank raised its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 368,439 shares of the company’s stock after purchasing an additional 10,500 shares during the quarter. Swiss National Bank owned 0.18% of Brookdale Senior Living worth $1,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings 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 valued at $53,144,000 after acquiring an additional 799,744 shares during the period. Rush Island Management LP increased its holdings in shares of Brookdale Senior Living by 31.9% during the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Brookdale Senior Living by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after purchasing an additional 89,344 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Brookdale Senior Living by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,017,897 shares of the company’s stock worth $15,180,000 after buying an additional 64,814 shares in the last quarter. Finally, Adelante Capital Management LLC purchased a new stake in Brookdale Senior Living during the third quarter worth $12,076,000.

Brookdale Senior Living Trading Up 3.8 %

BKD stock opened at $6.14 on Friday. The business’s 50-day moving average is $5.41 and its 200 day moving average is $5.64. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $8.12. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -6.89 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

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

Analyst Ratings Changes

A number of research analysts have weighed in on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Thursday, February 20th. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.