Prescott Group Capital Management L.L.C. Cuts Position in Brookdale Senior Living Inc. (NYSE:BKD)

Prescott Group Capital Management L.L.C. lessened its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 19.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 724,912 shares of the company’s stock after selling 170,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Brookdale Senior Living were worth $4,538,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Brookdale Senior Living by 81.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 13,684,500 shares of the company’s stock worth $85,672,000 after purchasing an additional 6,124,238 shares during the period. Flat Footed LLC boosted its holdings in shares of Brookdale Senior Living by 84.9% in the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock worth $57,351,000 after purchasing an additional 5,235,078 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Brookdale Senior Living by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock worth $49,878,000 after purchasing an additional 2,089,242 shares during the period. Rush Island Management LP boosted its holdings in shares of Brookdale Senior Living by 62.3% in the 4th quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock worth $41,769,000 after purchasing an additional 3,187,294 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Brookdale Senior Living by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,140,601 shares of the company’s stock worth $35,916,000 after purchasing an additional 164,239 shares during the period.

Brookdale Senior Living Price Performance

BKD opened at $7.44 on Friday. The business has a fifty day moving average of $6.98 and a 200 day moving average of $6.13. Brookdale Senior Living Inc. has a 52-week low of $4.45 and a 52-week high of $8.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 28.85. The stock has a market cap of $1.74 billion, a P/E ratio of -7.15 and a beta of 0.83.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Brookdale Senior Living had a negative return on equity of 79.84% and a negative net margin of 7.52%. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BKD shares. Wall Street Zen cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, July 20th. Barclays lifted their target price on Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, July 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.70.

About Brookdale Senior Living

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.