UBS Group AG Sells 3,087,674 Shares of Brookdale Senior Living Inc. $BKD

UBS Group AG reduced its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 92.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,079 shares of the company’s stock after selling 3,087,674 shares during the period. UBS Group AG owned about 0.11% of Brookdale Senior Living worth $2,871,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Brookdale Senior Living by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after purchasing an additional 238,042 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Brookdale Senior Living by 2.3% during the 3rd quarter. American Century Companies Inc. now owns 3,534,675 shares of the company’s stock worth $29,939,000 after purchasing an additional 79,962 shares during the last quarter. Iron Triangle Partners LP increased its stake in shares of Brookdale Senior Living by 67.0% during the 3rd quarter. Iron Triangle Partners LP now owns 2,838,361 shares of the company’s stock worth $24,041,000 after purchasing an additional 1,138,361 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Brookdale Senior Living by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,493,480 shares of the company’s stock worth $21,120,000 after purchasing an additional 358,012 shares during the last quarter.

Brookdale Senior Living Trading Down 0.0%

BKD opened at $13.30 on Tuesday. The company has a 50 day moving average of $13.70 and a 200 day moving average of $12.89. The company has a market cap of $3.17 billion, a PE ratio of -15.46 and a beta of 0.68. Brookdale Senior Living Inc. has a 12 month low of $6.26 and a 12 month high of $17.09.

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

Wall Street Analyst Weigh In

BKD has been the subject of several research analyst reports. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Stephens started coverage on shares of Brookdale Senior Living in a report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a report on Friday, February 20th. Finally, Barclays raised their price objective on shares of Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Brookdale Senior Living has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Brookdale Senior Living 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.