Putnam Investments LLC lessened its stake in Brookdale Senior Living, Inc. (NYSE:BKD) by 79.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,800 shares of the company’s stock after selling 1,081,700 shares during the quarter. Putnam Investments LLC owned 0.15% of Brookdale Senior Living worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BKD. Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the first quarter valued at approximately $118,000. Element Capital Management LLC acquired a new position in Brookdale Senior Living during the first quarter worth $120,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Brookdale Senior Living during the first quarter worth $140,000. Point72 Hong Kong Ltd boosted its holdings in Brookdale Senior Living by 265.3% during the second quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock worth $141,000 after purchasing an additional 11,263 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Brookdale Senior Living by 127.1% during the second quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after purchasing an additional 10,131 shares during the last quarter.

Shares of BKD opened at $9.56 on Wednesday. Brookdale Senior Living, Inc. has a 12 month low of $6.28 and a 12 month high of $11.16. The firm has a market cap of $1.76 billion, a P/E ratio of -12.26 and a beta of 1.69. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.93.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Monday, August 6th. The company reported ($0.88) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.66). Brookdale Senior Living had a negative return on equity of 13.56% and a negative net margin of 21.80%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted ($0.25) EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities research analysts predict that Brookdale Senior Living, Inc. will post -1.03 EPS for the current year.

In other Brookdale Senior Living news, Director Marcus E. Bromley bought 6,400 shares of Brookdale Senior Living stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the acquisition, the director now owns 54,619 shares of the company’s stock, valued at approximately $428,759.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

BKD has been the subject of several recent research reports. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus reduced their target price on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.92.

Brookdale Senior Living Profile

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.

Read More: Google Finance Portfolio

Want to see what other hedge funds are holding BKD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookdale Senior Living, Inc. (NYSE:BKD).

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

Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.