Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by Hedges Asset Management LLC

Hedges Asset Management LLC increased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Hedges Asset Management LLC owned approximately 0.11% of Brookdale Senior Living worth $1,406,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BKD. nVerses Capital LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $52,000. Sei Investments Co. bought a new position in Brookdale Senior Living in the 2nd quarter valued at about $81,000. Finally, Lazard Asset Management LLC grew its position in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on BKD. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Price Performance

NYSE BKD opened at $6.12 on Monday. The company has a 50 day simple moving average of $6.60 and a 200-day simple moving average of $6.86. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -7.95 and a beta of 1.31. Brookdale Senior Living Inc. has a 52-week low of $3.66 and a 52-week high of $8.12.

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

Brookdale Senior Living Company 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.