Allspring Global Investments Holdings LLC Sells 258,092 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Allspring Global Investments Holdings LLC cut its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 343,293 shares of the company’s stock after selling 258,092 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.17% of Brookdale Senior Living worth $1,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BKD. Assenagon Asset Management S.A. raised its position in Brookdale Senior Living by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,475,211 shares of the company’s stock valued at $10,017,000 after buying an additional 69,171 shares during the last quarter. Hedges Asset Management LLC raised its holdings in shares of Brookdale Senior Living by 13.7% in the third quarter. Hedges Asset Management LLC now owns 207,000 shares of the company’s stock valued at $1,406,000 after purchasing an additional 25,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookdale Senior Living by 449.5% during the third quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock valued at $927,000 after purchasing an additional 111,686 shares in the last quarter. Atria Investments Inc boosted its holdings in Brookdale Senior Living by 68.6% during the third quarter. Atria Investments Inc now owns 41,469 shares of the company’s stock worth $282,000 after purchasing an additional 16,878 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in Brookdale Senior Living by 69.5% in the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock worth $176,000 after purchasing an additional 10,647 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Thursday. Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Brookdale Senior Living currently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Down 1.0 %

BKD opened at $5.40 on Friday. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12. The company’s 50-day moving average price is $4.98 and its two-hundred day moving average price is $5.83. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -6.06 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $781.78 million. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current year.

Insider Activity

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now directly 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 is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

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.