Brookdale Senior Living (NYSE:BKD) Director Buys 40,000 Shares of Company Stock

Brookdale Senior Living Inc. (NYSE:BKD) Director C Christian Winkle bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average price of $8.95 per share, with a total value of $358,000.00. Following the completion of the purchase, the director directly owned 40,000 shares in the company, valued at $358,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brookdale Senior Living Price Performance

NYSE BKD traded down $0.24 during trading on Thursday, reaching $8.97. 11,991,830 shares of the company’s stock were exchanged, compared to its average volume of 5,027,133. The business has a 50 day moving average price of $10.75 and a 200-day moving average price of $13.21. The stock has a market capitalization of $2.15 billion, a P/E ratio of -56.09 and a beta of 0.55. Brookdale Senior Living Inc. has a fifty-two week low of $8.79 and a fifty-two week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “strong sell” rating in a research report on Monday. Stephens dropped their price objective on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays cut their target price on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.60.

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently made changes to their positions in BKD. WCM Investment Management LLC acquired a new stake in Brookdale Senior Living during the 1st quarter worth approximately $171,681,000. Wellington Management Group LLP boosted its stake in Brookdale Senior Living by 9.1% in the 2nd quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock valued at $155,000,000 after purchasing an additional 802,736 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in Brookdale Senior Living by 9.0% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock valued at $143,010,000 after buying an additional 731,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock valued at $104,838,000 after buying an additional 1,300,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Brookdale Senior Living by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock worth $71,061,000 after buying an additional 173,454 shares during the period.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.