Pingora Partners LLC Lowers Stock Position in Brookdale Senior Living Inc. $BKD

Pingora Partners LLC lowered its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,684 shares of the company’s stock after selling 63,005 shares during the quarter. Brookdale Senior Living comprises approximately 0.9% of Pingora Partners LLC’s portfolio, making the stock its 23rd biggest position. Pingora Partners LLC owned 0.06% of Brookdale Senior Living worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKD. Quinn Opportunity Partners LLC raised its position in shares of Brookdale Senior Living by 183.0% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 402,090 shares of the company’s stock worth $3,406,000 after purchasing an additional 260,000 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Brookdale Senior Living by 16.8% in 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. CenterBook Partners LP purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth about $2,181,000. Iron Triangle Partners LP raised its position in shares of Brookdale Senior Living by 67.0% in 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, Mason Capital Management LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth about $20,971,000.

Brookdale Senior Living Stock Down 0.5%

Brookdale Senior Living stock opened at $13.36 on Monday. The business has a 50-day simple moving average of $13.35 and a two-hundred day simple moving average of $13.14. The company has a market cap of $3.19 billion, a P/E ratio of -15.54 and a beta of 0.63. Brookdale Senior Living Inc. has a 52-week low of $6.59 and a 52-week high of $17.09.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKD. Zacks Research lowered Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stephens began coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookdale Senior Living in a research report on Friday, February 20th. Finally, Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.