Brookdale Senior Living Inc. (BKD) Position Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 16.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,149,597 shares of the company’s stock after purchasing an additional 166,486 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.62% of Brookdale Senior Living worth $16,911,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Opera Trading Capital bought a new position in Brookdale Senior Living in the second quarter worth approximately $110,000. Oppenheimer Asset Management Inc. bought a new position in Brookdale Senior Living in the first quarter worth approximately $159,000. Quantitative Systematic Strategies LLC bought a new position in Brookdale Senior Living in the second quarter worth approximately $169,000. Thrivent Financial For Lutherans bought a new position in Brookdale Senior Living in the first quarter worth approximately $201,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in Brookdale Senior Living by 35.2% in the first quarter. Stratos Wealth Partners LTD. now owns 16,061 shares of the company’s stock worth $216,000 after acquiring an additional 4,182 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
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Brookdale Senior Living Inc. (NYSE BKD) opened at 10.90 on Friday. The company’s market cap is $2.03 billion. The firm has a 50-day moving average price of $12.04 and a 200 day moving average price of $13.27. Brookdale Senior Living Inc. has a one year low of $10.65 and a one year high of $18.20.
Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, August 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.79). Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted ($0.19) EPS. The firm’s revenue was down 5.7% on a year-over-year basis. Equities analysts expect that Brookdale Senior Living Inc. will post $1.80 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. ValuEngine lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub lowered Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus cut their price target on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $16.50 price target on shares of Brookdale Senior Living in a report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Brookdale Senior Living has an average rating of “Hold” and a consensus target price of $16.50.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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