Public Employees Retirement Association of Colorado Cuts Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Public Employees Retirement Association of Colorado lessened its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 12.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 24,391 shares of the company’s stock after selling 3,595 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Brookdale Senior Living were worth $167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $52,000. Lazard Asset Management LLC boosted its stake 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 valued at $92,000 after purchasing an additional 2,790 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $100,000.

Brookdale Senior Living Trading Up 0.9 %

Shares of BKD opened at $6.59 on Monday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -8.56 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 11.21. The firm has a fifty day simple moving average of $7.08 and a two-hundred day simple moving average of $6.90. Brookdale Senior Living Inc. has a twelve month low of $3.62 and a twelve month high of $8.12.

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

Analysts Set New Price Targets

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

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.