Brookdale Senior Living Inc. $BKD Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 77.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,759 shares of the company’s stock after selling 73,085 shares during the quarter. Hsbc Holdings PLC’s holdings in Brookdale Senior Living were worth $298,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares in the last quarter. Strs Ohio purchased a new position in Brookdale Senior Living in the first quarter valued at about $70,000. FNY Investment Advisers LLC purchased a new position in Brookdale Senior Living in the fourth quarter valued at about $62,000. Larson Financial Group LLC purchased a new position in Brookdale Senior Living in the third quarter valued at about $59,000. Finally, KBC Group NV acquired a new stake in shares of Brookdale Senior Living during the 4th quarter valued at approximately $84,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Compass Point began coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price target on the stock. Zacks Research downgraded Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Stephens initiated coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brookdale Senior Living presently has an average rating of “Moderate Buy” and an average price target of $17.60.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $14.59 on Monday. The firm’s 50-day moving average is $14.21 and its two-hundred day moving average is $14.13. The company has a market capitalization of $3.48 billion, a PE ratio of -16.96 and a beta of 0.60. Brookdale Senior Living Inc. has a 12-month low of $6.99 and a 12-month high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The business had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. On average, analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Brookdale Senior Living Profile

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.