New York State Common Retirement Fund Has $6.66 Million Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

New York State Common Retirement Fund boosted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 19.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,324,478 shares of the company’s stock after purchasing an additional 213,512 shares during the period. New York State Common Retirement Fund owned 0.66% of Brookdale Senior Living worth $6,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $33,000. Aigen Investment Management LP increased its holdings in shares of Brookdale Senior Living by 69.5% in the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock valued at $176,000 after purchasing an additional 10,647 shares in the last quarter. Principal Financial Group Inc. raised its position in Brookdale Senior Living by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 150,025 shares of the company’s stock worth $755,000 after purchasing an additional 13,494 shares during the last quarter. Quest Partners LLC acquired a new position in Brookdale Senior Living during the 3rd quarter worth $104,000. Finally, SG Americas Securities LLC boosted its position in Brookdale Senior Living by 38.7% in the 4th quarter. SG Americas Securities LLC now owns 59,703 shares of the company’s stock valued at $300,000 after buying an additional 16,650 shares during the last quarter.

Insider Activity at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the company’s 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 sale, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Macquarie restated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Friday, December 20th. 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. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

Shares of Brookdale Senior Living stock opened at $5.84 on Thursday. Brookdale Senior Living Inc. has a 52 week low of $4.45 and a 52 week high of $8.12. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -6.56 and a beta of 1.29. The firm has a fifty day moving average of $5.02 and a two-hundred day moving average of $5.80.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $780.95 million during the quarter, compared to the consensus estimate of $781.78 million. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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.