Atria Investments Inc Raises Holdings in Brookdale Senior Living Inc. (NYSE:BKD)

Atria Investments Inc boosted its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 68.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,469 shares of the company’s stock after buying an additional 16,878 shares during the period. Atria Investments Inc’s holdings in Brookdale Senior Living were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. ProShare Advisors LLC boosted its position 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. Mackenzie Financial Corp boosted its holdings in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after buying an additional 2,697 shares in the last quarter. Lazard Asset Management LLC grew its position 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 buying an additional 2,790 shares during the last quarter. Diversified Trust Co grew its position in shares of Brookdale Senior Living by 7.7% in the 2nd quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after buying an additional 3,056 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Brookdale Senior Living by 15.8% during the 2nd quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock worth $170,000 after acquiring an additional 3,390 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Trading Up 2.8 %

NYSE:BKD opened at $5.48 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The firm has a fifty day simple moving average of $6.16 and a 200-day simple moving average of $6.73. Brookdale Senior Living Inc. has a 12 month low of $5.08 and a 12 month high of $8.12. The company has a market capitalization of $1.09 billion, a P/E ratio of -5.88 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the prior year, the firm posted ($0.22) EPS. On average, equities research analysts anticipate that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current 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.