Geode Capital Management LLC Buys 838,862 Shares of Brookdale Senior Living Inc. $BKD

Geode Capital Management LLC raised its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 18.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,361,195 shares of the company’s stock after buying an additional 838,862 shares during the period. Geode Capital Management LLC’s holdings in Brookdale Senior Living were worth $37,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quinn Opportunity Partners LLC bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $989,000. Allworth Financial LP acquired a new position in Brookdale Senior Living in the 2nd quarter worth about $175,000. ProShare Advisors LLC increased its holdings in Brookdale Senior Living by 13.6% in the 2nd quarter. ProShare Advisors LLC now owns 47,079 shares of the company’s stock worth $328,000 after purchasing an additional 5,643 shares in the last quarter. RWA Wealth Partners LLC bought a new position in Brookdale Senior Living in the second quarter valued at about $522,000. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of Brookdale Senior Living by 3.4% during the second quarter. ANTIPODES PARTNERS Ltd now owns 14,151,773 shares of the company’s stock valued at $98,504,000 after purchasing an additional 467,273 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $14.00 in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of Brookdale Senior Living from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Finally, Wall Street Zen raised shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Brookdale Senior Living Trading Down 1.3%

BKD opened at $11.11 on Thursday. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $11.38. The company has a fifty day moving average of $9.15 and a 200-day moving average of $7.89. The stock has a market cap of $2.64 billion, a PE ratio of -10.58 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The firm had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

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.