Los Angeles Capital Management LLC Has $1.04 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Los Angeles Capital Management LLC lessened its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,608 shares of the company’s stock after selling 27,714 shares during the period. Los Angeles Capital Management LLC’s holdings in Brookdale Senior Living were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKD. ProShare Advisors LLC grew its stake in Brookdale Senior Living by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after buying an additional 2,637 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after acquiring an additional 2,697 shares during the period. Lazard Asset Management LLC grew its position in shares of Brookdale Senior Living by 25.0% in the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after purchasing an additional 2,790 shares during the last quarter. Diversified Trust Co increased its stake in shares of Brookdale Senior Living by 7.7% in the second quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after purchasing an additional 3,056 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after purchasing an additional 3,390 shares during the last quarter.

Brookdale Senior Living Price Performance

Shares of BKD stock opened at $5.33 on Friday. The company has a market capitalization of $1.06 billion, a P/E ratio of -5.79 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 14.46. Brookdale Senior Living Inc. has a 12 month low of $4.39 and a 12 month high of $8.12. The stock has a 50 day moving average of $6.30 and a two-hundred day moving average of $6.80.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm 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 business earned ($0.22) earnings per share. As a group, equities analysts expect that Brookdale Senior Living Inc. will post -0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective on the stock. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.75.

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.