Connor Clark & Lunn Investment Management Ltd. Decreases Position in Brookdale Senior Living Inc. (NYSE:BKD)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 371,569 shares of the company’s stock after selling 4,950 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Brookdale Senior Living were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock valued at $53,144,000 after buying an additional 799,744 shares during the period. Rush Island Management LP raised its stake in Brookdale Senior Living by 31.9% in the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after acquiring an additional 1,237,727 shares during the period. Geode Capital Management LLC lifted its holdings in Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after purchasing an additional 89,344 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Brookdale Senior Living by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,017,897 shares of the company’s stock worth $15,180,000 after purchasing an additional 64,814 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Brookdale Senior Living by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock worth $18,778,000 after purchasing an additional 145,283 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on BKD shares. Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $6.09 on Wednesday. The company’s 50 day simple moving average is $5.24 and its two-hundred day simple moving average is $5.67. The stock has a market capitalization of $1.22 billion, a PE ratio of -6.84 and a beta of 1.31. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. Brookdale Senior Living Inc. has a 1 year low of $4.45 and a 1 year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. The business had revenue of $780.95 million during the quarter, compared to analysts’ expectations of $781.78 million. Analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

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.