Empowered Funds LLC Makes New Investment in Brookdale Senior Living Inc. $BKD

Empowered Funds LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 102,129 shares of the company’s stock, valued at approximately $1,643,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Brookdale Senior Living during the 2nd quarter worth approximately $43,000. Public Employees Retirement System of Ohio acquired a new position in Brookdale Senior Living during the second quarter valued at approximately $53,000. Larson Financial Group LLC acquired a new position in Brookdale Senior Living during the third quarter valued at approximately $59,000. Finally, Strs Ohio bought a new stake in Brookdale Senior Living in the first quarter valued at approximately $61,000.

Wall Street Analyst Weigh In

BKD has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Barclays decreased their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living Price Performance

NYSE:BKD opened at $11.95 on Friday. The business’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $13.90. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09. The stock has a market capitalization of $2.85 billion, a PE ratio of -20.60, a price-to-earnings-growth ratio of 5.77 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The business had revenue of $718.58 million during the quarter, compared to analysts’ expectations of $735.63 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%. On average, research analysts expect that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current 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.