Assenagon Asset Management S.A. Cuts Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Assenagon Asset Management S.A. decreased its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 66.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,099 shares of the company’s stock after selling 987,112 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Brookdale Senior Living worth $2,455,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sei Investments Co. bought a new stake in Brookdale Senior Living in the 2nd quarter worth about $81,000. Marshall Wace LLP boosted its holdings in shares of Brookdale Senior Living by 35.4% during the 2nd quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock valued at $13,228,000 after acquiring an additional 506,114 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Brookdale Senior Living in the second quarter worth approximately $467,000. Caxton Associates LP raised its holdings in shares of Brookdale Senior Living by 40.4% during the second quarter. Caxton Associates LP now owns 198,212 shares of the company’s stock valued at $1,354,000 after purchasing an additional 57,016 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Brookdale Senior Living by 328.5% during the second quarter. AQR Capital Management LLC now owns 186,871 shares of the company’s stock valued at $1,276,000 after purchasing an additional 143,262 shares during the last quarter.

Brookdale Senior Living Trading Down 3.2 %

Shares of Brookdale Senior Living stock opened at $4.89 on Thursday. Brookdale Senior Living Inc. has a 1-year low of $4.70 and a 1-year high of $8.12. The company’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $6.23. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $973.54 million, a PE ratio of -5.31 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. During the same quarter last year, the firm posted ($0.22) earnings per share. As a group, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Analysts Set New Price Targets

BKD has been the topic of several research reports. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Macquarie reiterated 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, Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has an average rating of “Hold” and a consensus target price of $7.50.

Insider Activity

In related 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 transaction of $56,200.00. Following the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

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.