Victory Capital Management Inc. Has $17.90 Million Stake in Brookdale Senior Living Inc. (NYSE:BKD)

Victory Capital Management Inc. lowered its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,620,307 shares of the company’s stock after selling 35,849 shares during the quarter. Victory Capital Management Inc. owned about 1.36% of Brookdale Senior Living worth $17,897,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd bought a new position in shares of Brookdale Senior Living in the second quarter valued at about $100,000. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living during the second quarter worth approximately $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Brookdale Senior Living during the second quarter valued at approximately $3,265,000. Principal Financial Group Inc. grew its stake in shares of Brookdale Senior Living by 15.8% during 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 last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at approximately $52,000.

Brookdale Senior Living Price Performance

Shares of BKD opened at $6.51 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The stock has a market cap of $1.26 billion, a P/E ratio of -8.45 and a beta of 1.31. The stock’s 50-day moving average price is $7.25 and its two-hundred day moving average price is $6.82. Brookdale Senior Living Inc. has a 1 year low of $3.62 and a 1 year high of $8.12.

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

Wall Street Analysts Forecast Growth

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

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.