Brookdale Senior Living Inc. $BKD Shares Purchased by Senator Investment Group LP

Senator Investment Group LP raised its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 16.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,859,263 shares of the company’s stock after acquiring an additional 400,000 shares during the period. Brookdale Senior Living accounts for approximately 1.7% of Senator Investment Group LP’s holdings, making the stock its 25th biggest position. Senator Investment Group LP’s holdings in Brookdale Senior Living were worth $46,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Brookdale Senior Living during the second quarter worth $43,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Brookdale Senior Living during the second quarter valued at $53,000. Larson Financial Group LLC purchased a new stake in shares of Brookdale Senior Living during the third quarter valued at $59,000. Finally, Strs Ohio acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $61,000.

Brookdale Senior Living Stock Up 0.1%

Shares of NYSE:BKD opened at $11.73 on Monday. The company’s fifty day moving average is $14.15 and its two-hundred day moving average is $14.03. Brookdale Senior Living Inc. has a 12-month low of $7.29 and a 12-month high of $17.09. The company has a market cap of $2.80 billion, a P/E ratio of -20.22, a price-to-earnings-growth ratio of 5.67 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. The company had revenue of $718.58 million during the quarter, compared to analyst estimates 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%. Equities research analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BKD shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Barclays reduced their price objective on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

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.