Wolf Hill Capital Management LP Acquires Shares of 1,700,000 Brookdale Senior Living Inc. $BKD

Wolf Hill Capital Management LP acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,700,000 shares of the company’s stock, valued at approximately $27,353,000,000. Brookdale Senior Living makes up 2.3% of Wolf Hill Capital Management LP’s holdings, making the stock its 15th biggest holding.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Brookdale Senior Living by 3.4% in the 1st quarter. Royal Bank of Canada now owns 1,100,420 shares of the company’s stock worth $6,888,000 after acquiring an additional 36,604 shares in the last quarter. AQR Capital Management LLC raised its position in Brookdale Senior Living by 34.2% during the first quarter. AQR Capital Management LLC now owns 25,506 shares of the company’s stock worth $160,000 after acquiring an additional 6,507 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Brookdale Senior Living by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,383 shares of the company’s stock valued at $866,000 after purchasing an additional 4,323 shares in the last quarter. Millennium Management LLC lifted its holdings in Brookdale Senior Living by 67.7% during the first quarter. Millennium Management LLC now owns 2,171,161 shares of the company’s stock valued at $13,591,000 after purchasing an additional 876,222 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Brookdale Senior Living in the first quarter valued at about $181,000.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $12.13 on Tuesday. The stock’s 50 day simple moving average is $14.28 and its 200-day simple moving average is $14.13. The stock has a market cap of $2.90 billion, a P/E ratio of -20.91, a P/E/G ratio of 5.71 and a beta of 0.60. Brookdale Senior Living Inc. has a 1-year low of $7.29 and a 1-year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. The firm 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%. As a group, research analysts expect that Brookdale Senior Living Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays cut their target price on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Finally, Compass Point initiated coverage on Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. One research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

About Brookdale Senior Living

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.