Handelsbanken Fonder AB Makes New $1.07 Million Investment in Brookdale Senior Living Inc. $BKD

Handelsbanken Fonder AB bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 66,300 shares of the company’s stock, valued at approximately $1,067,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Brookdale Senior Living by 7.1% during the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock worth $140,000 after buying an additional 1,331 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookdale Senior Living by 1.3% in the first quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,436 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Brookdale Senior Living by 4.5% in the first quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock valued at $662,000 after acquiring an additional 2,095 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Brookdale Senior Living by 5.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock valued at $531,000 after acquiring an additional 2,160 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Brookdale Senior Living by 44,583.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after acquiring an additional 2,675 shares during the last quarter.

Brookdale Senior Living Trading Down 0.9%

BKD stock opened at $12.11 on Thursday. The stock’s 50 day simple moving average is $14.37 and its 200 day simple moving average is $14.21. Brookdale Senior Living Inc. has a 12-month low of $7.11 and a 12-month high of $17.09. The firm has a market cap of $2.89 billion, a P/E ratio of -20.87, a P/E/G ratio of 5.92 and a beta of 0.60.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The firm had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million. On average, research analysts forecast that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on BKD shares. Compass Point assumed coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Barclays decreased their price target on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Brookdale Senior Living has an average rating of “Moderate Buy” and a consensus target price of $17.40.

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.