Brookdale Senior Living Inc. (NYSE:BKD) Stake Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 3.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,255,996 shares of the company’s stock after selling 79,256 shares during the quarter. BNP Paribas Financial Markets owned approximately 1.13% of Brookdale Senior Living worth $15,318,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Brookdale Senior Living in the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $81,000. Finally, Lazard Asset Management LLC grew its holdings in Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after buying an additional 2,790 shares in the last quarter.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $5.68 on Friday. The company’s fifty day moving average is $6.02 and its two-hundred day moving average is $6.67. The company has a market cap of $1.13 billion, a P/E ratio of -6.21 and a beta of 1.32. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the previous year, the firm posted ($0.22) earnings per share. Equities analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Finally, Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.75.

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.