State of Wyoming Takes Position in Brookdale Senior Living Inc. $BKD

State of Wyoming purchased a new position in Brookdale Senior Living Inc. (NYSE:BKD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,232 shares of the company’s stock, valued at approximately $663,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKD shares. Zacks Research downgraded shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays lowered their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective for the company. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.40.

Brookdale Senior Living Price Performance

Shares of NYSE BKD opened at $12.64 on Monday. The company has a market capitalization of $3.02 billion, a P/E ratio of -21.79, a P/E/G ratio of 6.12 and a beta of 0.60. The company has a 50 day simple moving average of $14.39 and a 200-day simple moving average of $14.23. Brookdale Senior Living Inc. has a 1 year low of $7.11 and a 1 year high of $17.09.

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

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.