Brookdale Senior Living Inc. $BKD Stock Position Boosted by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC raised its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 183.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,090 shares of the company’s stock after buying an additional 260,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Brookdale Senior Living were worth $3,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKD. Osaic Holdings Inc. increased its position in shares of Brookdale Senior Living by 7.1% in the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after acquiring an additional 1,331 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Brookdale Senior Living by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 906,218 shares of the company’s stock valued at $7,757,000 after acquiring an additional 2,810 shares in the last quarter. Covestor Ltd lifted its position in shares of Brookdale Senior Living by 55.8% in the 3rd quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after acquiring an additional 3,428 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Brookdale Senior Living by 41.0% in the 2nd quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock worth $87,000 after purchasing an additional 3,644 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Brookdale Senior Living by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock worth $866,000 after purchasing an additional 4,323 shares during the period.

Analysts Set New Price Targets

Several analysts have issued reports on BKD shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, January 21st. Citigroup raised Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Barclays upped their price target on Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Bank of America raised Brookdale Senior Living from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Brookdale Senior Living Stock Performance

Shares of BKD opened at $13.96 on Friday. The company’s fifty day moving average is $14.10 and its 200-day moving average is $10.98. Brookdale Senior Living Inc. has a 12 month low of $4.97 and a 12 month high of $17.09. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of -12.57 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. The business had revenue of $754.09 million for the quarter, compared to the consensus estimate of $753.60 million. Equities analysts expect that Brookdale Senior Living Inc. will post -0.56 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.