Intech Investment Management LLC Invests $408,000 in Brookdale Senior Living Inc. (NYSE:BKD)

Intech Investment Management LLC bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, Holdings Channel.com reports. The fund bought 60,159 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKD. Mackenzie Financial Corp grew its stake in Brookdale Senior Living by 9.2% during the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after buying an additional 2,697 shares during the last quarter. Diversified Trust Co grew its position in Brookdale Senior Living by 7.7% during the 2nd quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock worth $291,000 after purchasing an additional 3,056 shares during the last quarter. Principal Financial Group Inc. increased its stake in 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. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living in the second quarter valued at about $25,000. Finally, Headlands Technologies LLC purchased a new position in shares of Brookdale Senior Living during the second quarter worth about $26,000.

Brookdale Senior Living Trading Down 1.8 %

NYSE:BKD opened at $5.58 on Tuesday. Brookdale Senior Living Inc. has a 12 month low of $5.08 and a 12 month high of $8.12. The business’s 50-day moving average is $6.00 and its two-hundred day moving average is $6.65. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.11 billion, a PE ratio of -6.07 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 business had revenue of $784.17 million during the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the prior year, the company posted ($0.22) EPS. Research analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BKD shares. Macquarie reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.75.

About Brookdale Senior Living

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.