Brookdale Senior Living Inc. (NYSE:BKD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 284,465 shares of the company’s stock after selling 20,371 shares during the quarter. Rhumbline Advisers owned 0.15% of Brookdale Senior Living worth $1,943,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter worth approximately $52,000. Lazard Asset Management LLC lifted its holdings in shares of Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after acquiring an additional 2,790 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Brookdale Senior Living in the 4th quarter worth approximately $109,000. Finally, SG Americas Securities LLC acquired a new stake in Brookdale Senior Living during the 1st quarter worth approximately $130,000.

Wall Street Analyst Weigh In

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

Brookdale Senior Living Price Performance

Shares of BKD opened at $6.85 on Friday. Brookdale Senior Living Inc. has a twelve month low of $3.62 and a twelve month high of $8.12. The firm’s fifty day simple moving average is $7.19 and its 200-day simple moving average is $6.86. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -8.90 and a beta of 1.31. 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 announced its quarterly earnings data 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). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. The firm had revenue of $777.54 million during the quarter. During the same quarter last year, the firm earned ($0.15) EPS. Equities analysts forecast that Brookdale Senior Living Inc. will post -0.57 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.