Los Angeles Capital Management LLC Lowers Stock Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Los Angeles Capital Management LLC reduced its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 19.5% during the 2nd quarter, Holdings Channel reports. The firm owned 181,322 shares of the company’s stock after selling 43,980 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Brookdale Senior Living were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Diversified Trust Co lifted its position in shares of Brookdale Senior Living by 4.8% during the 1st quarter. Diversified Trust Co now owns 39,511 shares of the company’s stock valued at $261,000 after buying an additional 1,811 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Brookdale Senior Living by 8.5% during the first quarter. ProShare Advisors LLC now owns 33,502 shares of the company’s stock valued at $221,000 after purchasing an additional 2,637 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Brookdale Senior Living by 25.0% during 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after purchasing an additional 3,390 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $25,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Macquarie began coverage on Brookdale Senior Living in a report on Friday, June 28th. They set an “outperform” rating and a $7.50 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

NYSE:BKD opened at $6.51 on Thursday. The company has a market cap of $1.26 billion, a P/E ratio of -8.47 and a beta of 1.31. Brookdale Senior Living Inc. has a twelve month low of $3.62 and a twelve month high of $8.12. The company’s 50-day moving average price is $7.27 and its 200-day moving average price is $6.82. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $777.54 million during the quarter. Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. During the same quarter last year, the business earned ($0.15) earnings per share. On average, sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.57 earnings per share for the current fiscal year.

Brookdale Senior Living Company 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.