Bridgefront Capital LLC Buys Shares of 28,782 Brookdale Senior Living Inc. (NYSE:BKD)

Bridgefront Capital LLC purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,782 shares of the company’s stock, valued at approximately $145,000.

A number of other institutional investors also recently modified their holdings of BKD. Balyasny Asset Management L.P. grew its position in Brookdale Senior Living by 77.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,683,796 shares of the company’s stock valued at $18,529,000 after acquiring an additional 1,609,997 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Brookdale Senior Living during the 4th quarter valued at approximately $135,000. AYAL Capital Advisors Ltd grew its holdings in shares of Brookdale Senior Living by 25.3% during the 4th quarter. AYAL Capital Advisors Ltd now owns 1,508,946 shares of the company’s stock valued at $7,590,000 after purchasing an additional 304,700 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Brookdale Senior Living during the 4th quarter worth approximately $65,000. Finally, Northern Trust Corp lifted its stake in Brookdale Senior Living by 8.5% in the 4th quarter. Northern Trust Corp now owns 2,091,415 shares of the company’s stock valued at $10,520,000 after purchasing an additional 163,016 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of Brookdale Senior Living from $7.00 to $7.50 and gave the stock an “equal weight” rating in a report on Wednesday, April 16th. Royal Bank of Canada upped their target price on Brookdale Senior Living from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.70.

Brookdale Senior Living Stock Up 3.5 %

Shares of BKD opened at $6.89 on Friday. The stock’s 50-day moving average price is $6.09 and its two-hundred day moving average price is $5.59. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The company has a market capitalization of $1.38 billion, a PE ratio of -7.74 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

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

Brookdale Senior Living Company 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.