Quinn Opportunity Partners LLC Takes Position in Brookdale Senior Living Inc. $BKD

Quinn Opportunity Partners LLC acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 142,090 shares of the company’s stock, valued at approximately $989,000. Quinn Opportunity Partners LLC owned about 0.06% of Brookdale Senior Living as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in shares of Brookdale Senior Living during the first quarter valued at approximately $47,000. Strs Ohio bought a new stake in shares of Brookdale Senior Living during the first quarter valued at approximately $61,000. R Squared Ltd acquired a new position in shares of Brookdale Senior Living during the second quarter valued at $126,000. Walleye Capital LLC acquired a new position in Brookdale Senior Living in the first quarter valued at approximately $130,000. Finally, Optimize Financial Inc lifted its stake in Brookdale Senior Living by 8.5% in the first quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock valued at $152,000 after buying an additional 1,902 shares during the period.

Analyst Upgrades and Downgrades

BKD has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, October 8th. Barclays raised Brookdale Senior Living from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $8.00 to $14.00 in a research report on Monday. Finally, Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brookdale Senior Living has an average rating of “Moderate Buy” and a consensus price target of $10.33.

Brookdale Senior Living Stock Up 2.9%

Brookdale Senior Living stock opened at $10.50 on Thursday. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $10.58. The firm’s fifty day moving average price is $8.52 and its two-hundred day moving average price is $7.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of -10.00 and a beta of 0.96.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $813.17 million for the quarter, compared to the consensus estimate of $825.59 million. Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. On average, equities research analysts predict that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal year.

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.