Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Brookdale Senior Living, Inc. (NYSE:BKD) by 10.6% during the third quarter, HoldingsChannel reports. The firm owned 184,505 shares of the company’s stock after selling 21,972 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Brookdale Senior Living were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BKD. BlackRock Inc. lifted its holdings in shares of Brookdale Senior Living by 51.3% during the second quarter. BlackRock Inc. now owns 13,596,562 shares of the company’s stock valued at $123,593,000 after purchasing an additional 4,612,157 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Brookdale Senior Living during the third quarter valued at $31,954,000. Millennium Management LLC increased its position in Brookdale Senior Living by 95.3% during the second quarter. Millennium Management LLC now owns 4,503,542 shares of the company’s stock valued at $40,937,000 after acquiring an additional 2,197,056 shares during the last quarter. Renaissance Technologies LLC increased its position in Brookdale Senior Living by 272.9% during the second quarter. Renaissance Technologies LLC now owns 2,537,886 shares of the company’s stock valued at $23,069,000 after acquiring an additional 1,857,286 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA purchased a new stake in Brookdale Senior Living during the third quarter valued at $14,437,000.

Brookdale Senior Living stock opened at $8.46 on Friday. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.66 and a quick ratio of 0.66. Brookdale Senior Living, Inc. has a one year low of $6.28 and a one year high of $10.39.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Monday, November 5th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Brookdale Senior Living had a negative return on equity of 14.72% and a negative net margin of 13.93%. Brookdale Senior Living’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.22) earnings per share.

A number of analysts recently commented on the company. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. JMP Securities upped their price objective on Brookdale Senior Living from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Sunday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.25.

In other news, Director Marcus E. Bromley acquired 6,300 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $7.86 per share, for a total transaction of $49,518.00. Following the completion of the transaction, the director now owns 41,059 shares in the company, valued at $322,723.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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About Brookdale Senior Living

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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