Castleark Management LLC Takes $8.19 Million Position in Brookdale Senior Living Inc. $BKD

Castleark Management LLC bought a new position in Brookdale Senior Living Inc. (NYSE:BKD) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 598,454 shares of the company’s stock, valued at approximately $8,187,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. WCM Investment Management LLC acquired a new position in Brookdale Senior Living during the first quarter valued at $171,681,000. Senator Investment Group LP acquired a new stake in Brookdale Senior Living during the 4th quarter worth about $36,786,000. Wellington Management Group LLP grew its stake in 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 valued at $98,331,000 after acquiring an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after acquiring an additional 2,199,000 shares in the last quarter. Finally, Luxor Capital Group LP increased its holdings in shares of Brookdale Senior Living by 154.7% in the 1st quarter. Luxor Capital Group LP now owns 2,929,492 shares of the company’s stock valued at $40,075,000 after purchasing an additional 1,779,492 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKD. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Compass Point started coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Stephens initiated coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Brookdale Senior Living presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $15.13 on Monday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -17.60 and a beta of 0.58. The stock has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $13.99. Brookdale Senior Living Inc. has a 52-week low of $6.99 and a 52-week 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 analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

About Brookdale Senior Living

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.