Cobalt Capital Management Inc. Makes New Investment in Brookdale Senior Living Inc. $BKD

Cobalt Capital Management Inc. bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $432,000. Brookdale Senior Living accounts for 0.2% of Cobalt Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently bought and sold shares of BKD. Senator Investment Group LP acquired a new stake in Brookdale Senior Living in the fourth quarter worth $36,786,000. Mason Capital Management LLC acquired a new stake in shares of Brookdale Senior Living during the third quarter worth $20,971,000. Wellington Management Group LLP raised its holdings in shares of Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after acquiring an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. raised its holdings in shares of Brookdale Senior Living by 34.9% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after acquiring an additional 2,199,000 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Brookdale Senior Living by 124.0% during the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock worth $20,986,000 after acquiring an additional 1,371,606 shares during the period.

Brookdale Senior Living Trading Down 0.9%

Shares of BKD stock opened at $13.63 on Thursday. Brookdale Senior Living Inc. has a 1 year low of $6.65 and a 1 year high of $17.09. The firm’s fifty day moving average price is $13.34 and its two-hundred day moving average price is $13.19. The firm has a market capitalization of $3.25 billion, a P/E ratio of -15.85 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

BKD has been the topic of a number of research analyst reports. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Stephens initiated coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They set an “overweight” rating and a $18.00 price objective on the stock. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a report on Monday. They set a “buy” rating and a $22.00 price objective on the stock. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

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.