Verition Fund Management LLC Lowers Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Verition Fund Management LLC trimmed its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 44.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,545 shares of the company’s stock after selling 63,170 shares during the period. Verition Fund Management LLC’s holdings in Brookdale Senior Living were worth $533,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in Brookdale Senior Living during the 2nd quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living during the 2nd quarter worth about $52,000. Sei Investments Co. purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $81,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Brookdale Senior Living in the second quarter valued at approximately $100,000.

Insider Buying and Selling at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of Brookdale Senior Living stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now directly owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Brookdale Senior Living Trading Down 2.2 %

Shares of BKD opened at $5.44 on Thursday. Brookdale Senior Living Inc. has a one year low of $5.08 and a one year high of $8.12. The stock has a 50-day moving average price of $5.84 and a 200 day moving average price of $6.59. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.08 billion, a P/E ratio of -5.91 and a beta of 1.29.

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