Los Angeles Capital Management LLC cut its position in shares of Brookdale Senior Living Inc. (NYSE:BKD – Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,302 shares of the company’s stock after selling 1,888 shares during the quarter. Los Angeles Capital Management LLC owned 0.12% of Brookdale Senior Living worth $1,489,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in Brookdale Senior Living during the third quarter worth about $49,000. Counterpoint Mutual Funds LLC acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $104,000. Aigen Investment Management LP acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in Brookdale Senior Living during the fourth quarter worth about $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brookdale Senior Living by 33.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,219 shares of the company’s stock worth $246,000 after buying an additional 10,649 shares in the last quarter.
Brookdale Senior Living Stock Down 1.7 %
Shares of BKD opened at $6.41 on Friday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -8.32 and a beta of 1.34. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 10.23. Brookdale Senior Living Inc. has a 12 month low of $3.43 and a 12 month high of $7.62. The company has a 50-day moving average price of $6.79 and a two-hundred day moving average price of $6.21.
Analyst Ratings Changes
BKD has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Tuesday, April 9th. StockNews.com cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th.
Get Our Latest Research Report on Brookdale Senior Living
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.
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