GSA Capital Partners LLP Lowers Stake in Brookdale Senior Living Inc. (NYSE:BKD)

GSA Capital Partners LLP lessened its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 95.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,234 shares of the company’s stock after selling 266,018 shares during the quarter. GSA Capital Partners LLP’s holdings in Brookdale Senior Living were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BKD. Assenagon Asset Management S.A. purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter worth approximately $9,603,000. Hennessy Advisors Inc. purchased a new position in Brookdale Senior Living during the second quarter valued at $8,513,000. American Century Companies Inc. boosted its holdings in Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after acquiring an additional 1,228,473 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Brookdale Senior Living in the 2nd quarter worth about $3,998,000. Finally, Marshall Wace LLP raised its position in shares of Brookdale Senior Living by 35.4% in the 2nd quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock worth $13,228,000 after purchasing an additional 506,114 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Macquarie restated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group began 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.56 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a 50 day moving average price of $6.13 and a 200-day moving average price of $6.72. Brookdale Senior Living Inc. has a 52 week low of $5.08 and a 52 week high of $8.12. The firm has a market capitalization of $1.11 billion, a PE ratio of -6.04 and a beta of 1.32.

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