Stock Traders Purchase Large Volume of Brookdale Senior Living Call Options (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the target of some unusual options trading on Wednesday. Traders bought 3,119 call options on the company. This represents an increase of 183% compared to the typical volume of 1,103 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in shares of Brookdale Senior Living during the first quarter worth $171,681,000. Senator Investment Group LP purchased a new position in shares of Brookdale Senior Living in the fourth quarter worth about $36,786,000. Eversept Partners LP lifted its stake in shares of Brookdale Senior Living by 851.8% in the first quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock worth $48,818,000 after buying an additional 3,193,626 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Brookdale Senior Living in the second quarter worth about $46,167,000. Finally, Wellington Management Group LLP boosted its position in Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after acquiring an additional 2,282,151 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BKD. Weiss Ratings lowered Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Barclays cut their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday. Compass Point started coverage on shares of Brookdale Senior Living in a research report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living Trading Down 3.2%

NYSE:BKD opened at $12.56 on Friday. The stock has a 50 day moving average of $14.39 and a two-hundred day moving average of $14.24. Brookdale Senior Living has a 12 month low of $7.11 and a 12 month high of $17.09. The firm has a market cap of $3.00 billion, a P/E ratio of -21.66, a price-to-earnings-growth ratio of 6.29 and a beta of 0.60.

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

Brookdale Senior Living Company 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.