12,812,004 Shares in Brookdale Senior Living Inc. $BKD Purchased by WCM Investment Management LLC

WCM Investment Management LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 12,812,004 shares of the company’s stock, valued at approximately $171,681,000. WCM Investment Management LLC owned approximately 0.05% of Brookdale Senior Living as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. grew its position in shares of Brookdale Senior Living by 34.9% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after acquiring an additional 2,199,000 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after acquiring an additional 238,042 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Brookdale Senior Living by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company’s stock valued at $59,025,000 after acquiring an additional 42,375 shares during the last quarter. Finally, State Street Corp raised its position in shares of Brookdale Senior Living by 3.5% during the 4th quarter. State Street Corp now owns 5,408,898 shares of the company’s stock valued at $58,362,000 after acquiring an additional 185,205 shares in the last quarter.

Analyst Upgrades and Downgrades

BKD has been the topic of several research analyst reports. Stephens started coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.60.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $14.97 on Monday. Brookdale Senior Living Inc. has a 12-month low of $6.99 and a 12-month high of $17.09. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -17.41 and a beta of 0.58. The business has a 50 day simple moving average of $13.85 and a 200 day simple moving average of $13.85.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The business had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. On average, equities analysts anticipate that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.