Algert Global LLC Acquires New Position in Brookdale Senior Living Inc. (NYSE:BKD)

Algert Global LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,110 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKD. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth $25,000. Headlands Technologies LLC acquired a new position in Brookdale Senior Living during the second quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of Brookdale Senior Living in the second quarter worth about $52,000. Sei Investments Co. acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $81,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on BKD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday. Macquarie reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.67.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $5.91 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -7.68 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. Brookdale Senior Living Inc. has a twelve month low of $3.66 and a twelve month high of $8.12. The stock has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $6.89.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same period last year, the firm posted ($0.15) earnings per share. Sell-side analysts expect that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

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.