Shares of Brookdale Senior Living, Inc. (NYSE:BKD) gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $2.50, but opened at $2.22. Brookdale Senior Living shares last traded at $3.01, with a volume of 174,750 shares.

Specifically, Director Frank M. Bumstead bought 35,000 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $1.96 per share, with a total value of $68,600.00. Following the acquisition, the director now directly owns 300,224 shares of the company’s stock, valued at approximately $588,439.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank M. Bumstead bought 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $5.94 per share, for a total transaction of $59,400.00. Following the acquisition, the director now directly owns 235,224 shares in the company, valued at $1,397,230.56. The disclosure for this purchase can be found here. In the last three months, insiders have bought 79,792 shares of company stock worth $291,997. 1.20% of the stock is currently owned by insiders.

A number of analysts have issued reports on the company. Barclays lowered their target price on Brookdale Senior Living from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. ValuEngine raised Brookdale Senior Living from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Zacks Investment Research lowered Brookdale Senior Living from a “buy” rating to a “hold” rating in a report on Tuesday.

The stock has a market cap of $591.48 million, a price-to-earnings ratio of -2.38 and a beta of 1.30. The stock has a fifty day simple moving average of $5.38 and a 200-day simple moving average of $6.90. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 7.53.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Tuesday, February 18th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.24). The business had revenue of $986.64 million during the quarter, compared to analyst estimates of $1 billion. Brookdale Senior Living had a negative net margin of 6.60% and a negative return on equity of 27.40%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. Sell-side analysts forecast that Brookdale Senior Living, Inc. will post -1.04 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Brookdale Senior Living by 925.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,100 shares of the company’s stock worth $30,000 after acquiring an additional 3,700 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $68,000. Great West Life Assurance Co. Can bought a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $81,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $90,000. Finally, OneAscent Financial Services LLC bought a new position in shares of Brookdale Senior Living during the 4th quarter worth approximately $91,000. Institutional investors own 96.42% of the company’s stock.

Brookdale Senior Living Company Profile (NYSE:BKD)

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

Featured Article: CBOE Russell 2000® Volatility Index

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.