Clough Capital Partners L P Grows Position in Brookdale Senior Living Inc. $BKD

Clough Capital Partners L P grew its position in Brookdale Senior Living Inc. (NYSE:BKD) by 16.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 599,910 shares of the company’s stock after acquiring an additional 84,310 shares during the quarter. Clough Capital Partners L P owned 0.25% of Brookdale Senior Living worth $5,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Strs Ohio purchased a new position in shares of Brookdale Senior Living in the first quarter valued at $61,000. Covestor Ltd raised its stake in Brookdale Senior Living by 55.8% during the third quarter. Covestor Ltd now owns 9,576 shares of the company’s stock valued at $81,000 after purchasing an additional 3,428 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Brookdale Senior Living during the third quarter valued at $85,000. Levin Capital Strategies L.P. bought a new position in Brookdale Senior Living during the third quarter valued at $85,000. Finally, Lazard Asset Management LLC lifted its position in Brookdale Senior Living by 41.0% during the second quarter. Lazard Asset Management LLC now owns 12,531 shares of the company’s stock valued at $87,000 after purchasing an additional 3,644 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKD shares. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Barclays increased their price target on shares of Brookdale Senior Living to $18.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Brookdale Senior Living Trading Up 0.4%

BKD stock opened at $13.96 on Friday. Brookdale Senior Living Inc. has a 12 month low of $4.97 and a 12 month high of $17.09. The firm’s 50-day moving average is $14.10 and its 200 day moving average is $11.01. The company has a market capitalization of $3.32 billion, a PE ratio of -12.57 and a beta of 0.68. The company has a debt-to-equity ratio of 39.87, a current ratio of 0.98 and a quick ratio of 0.98.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $754.09 million during the quarter, compared to analysts’ expectations of $753.60 million. Brookdale Senior Living had a negative net margin of 8.22% and a negative return on equity of 305.28%. On average, research analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Brookdale Senior Living Company 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.