Mirae Asset Global Investments Co. Ltd. Buys 2,395 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Mirae Asset Global Investments Co. Ltd. raised its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,815 shares of the company’s stock after purchasing an additional 2,395 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Brookdale Senior Living worth $709,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BKD. Caxton Associates LP bought a new position in shares of Brookdale Senior Living during the 3rd quarter worth about $841,000. Vanguard Group Inc. lifted its holdings in shares of Brookdale Senior Living by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,881,415 shares of the company’s stock worth $74,029,000 after acquiring an additional 129,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Brookdale Senior Living by 25.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 522,673 shares of the company’s stock worth $2,164,000 after acquiring an additional 105,035 shares during the period. Graham Capital Management L.P. bought a new position in shares of Brookdale Senior Living during the 3rd quarter worth about $300,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Brookdale Senior Living by 706.2% during the 3rd quarter. SG Americas Securities LLC now owns 82,203 shares of the company’s stock worth $340,000 after acquiring an additional 72,007 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BKD. TheStreet raised shares of Brookdale Senior Living from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price objective on shares of Brookdale Senior Living in a report on Tuesday, April 9th.

Brookdale Senior Living Trading Down 2.6 %

Shares of Brookdale Senior Living stock opened at $6.75 on Thursday. The stock has a market capitalization of $1.28 billion, a P/E ratio of -8.10 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 9.40. The company has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $5.50. Brookdale Senior Living Inc. has a 12-month low of $3.33 and a 12-month high of $7.05.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Tuesday, February 20th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.21). The firm had revenue of $754.48 million for the quarter. Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. Research analysts expect that Brookdale Senior Living Inc. will post -0.66 earnings per share for the current fiscal year.

Brookdale Senior Living 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.