Hennessy Advisors Inc. Reduces Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Hennessy Advisors Inc. cut its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 10.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,345,900 shares of the company’s stock after selling 153,700 shares during the quarter. Hennessy Advisors Inc.’s holdings in Brookdale Senior Living were worth $8,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Brookdale Senior Living by 1,999.4% during the 1st quarter. GAMMA Investing LLC now owns 7,180 shares of the company’s stock valued at $45,000 after acquiring an additional 6,838 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Brookdale Senior Living by 6,029.2% in the 4th quarter. Lazard Asset Management LLC now owns 9,868 shares of the company’s stock valued at $49,000 after purchasing an additional 9,707 shares during the period. Crestline Management LP bought a new position in Brookdale Senior Living during the 4th quarter valued at approximately $64,000. Freestone Grove Partners LP purchased a new position in Brookdale Senior Living during the fourth quarter valued at $65,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Brookdale Senior Living during the fourth quarter valued at $80,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Macquarie restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Barclays upped their price objective on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada boosted their price target on Brookdale Senior Living from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.70.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $6.83 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -7.67 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 20.05. The business has a 50-day moving average price of $6.47 and a 200-day moving average price of $5.74. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). 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 seniors.