Lee Danner & Bass Inc. Decreases Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Lee Danner & Bass Inc. cut its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 7.5% in the fourth quarter, HoldingsChannel reports. The firm owned 441,995 shares of the company’s stock after selling 36,000 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Brookdale Senior Living were worth $2,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Intech Investment Management LLC boosted its holdings in Brookdale Senior Living by 87.4% in the fourth quarter. Intech Investment Management LLC now owns 112,746 shares of the company’s stock valued at $567,000 after purchasing an additional 52,587 shares during the period. Cibc World Markets Corp purchased a new position in Brookdale Senior Living in the fourth quarter valued at $90,000. First Eagle Investment Management LLC raised its stake in Brookdale Senior Living by 40.8% in the fourth quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company’s stock valued at $8,254,000 after buying an additional 475,268 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after buying an additional 3,507,044 shares in the last quarter. Finally, Swiss National Bank raised its stake in Brookdale Senior Living by 2.9% in the fourth quarter. Swiss National Bank now owns 368,439 shares of the company’s stock valued at $1,853,000 after buying an additional 10,500 shares in the last quarter.

Brookdale Senior Living Stock Up 0.6 %

BKD opened at $6.15 on Friday. The business’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.68. The company has a debt-to-equity ratio of 20.05, a quick ratio of 0.88 and a current ratio of 0.88. Brookdale Senior Living Inc. has a one year low of $4.45 and a one year high of $8.12. The stock has a market capitalization of $1.23 billion, a P/E ratio of -6.90 and a beta of 1.31.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, February 18th. The company reported ($0.37) 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 firm had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Ratings Changes

BKD has been the topic of a number of analyst reports. Macquarie restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.

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.