Allspring Global Investments Holdings LLC reduced its position in Brookdale Senior Living Inc. (NYSE:BKD – Get Rating) by 97.9% in the third quarter, according to its latest 13F filings with the Securities and Exchange Commission. The institutional investor owned 13,142 shares in the company after selling 608,613 of his shares during the quarter. Allspring Global Investments Holdings LLC’s Brookdale Senior Living holdings were worth $56,000 at the end of the most recent quarter.
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Several other hedge funds and other institutional investors have also recently added or reduced stakes in the company. BlackRock Inc. increased his holding of Brookdale Senior Living by 25.7% in the first quarter. BlackRock Inc. now owns 30,796,560 shares worth $217,115,000 after acquiring an additional 6,299,168 shares in the previous quarter. Dimensional Fund Advisors LP increased its holding in Brookdale Senior Living by 0.5% in the first quarter. Dimensional Fund Advisors LP owns 10,273,433 shares of the company worth $72,428,000 after acquiring an additional 47,747 shares in the previous quarter. Deerfield Management Company LP Series C increased its stake in Brookdale Senior Living by 59.7% in the second quarter. Deerfield Management Company LP Series C now owns 8,592,461 shares worth $39,010,000 after acquiring an additional 3,213,461 shares in the previous quarter. Edmund DE Rothschild Holding SA increased its holding of Brookdale Senior Living by 9.2% in the second quarter. Edmond DE Rothschild Holding SA now owns 6,186,110 shares worth $28,085,000 after acquiring another 520,000 shares in the previous quarter. Finally, Goldman Sachs Group Inc. increased its Brookdale Senior Living holding by 1.5% in the second quarter. Goldman Sachs Group Inc. now owns 4,474,272 shares worth $20,313,000 after acquiring an additional 67,157 shares in the previous quarter.
In related news, Director Frank M. Bumstead purchased 50,000 shares in a transaction that took place on Thursday, November 17th. Shares were purchased at an average of $3.09 per share, with a total trading value of $154,500.00 for him. Following the closing of the transaction, the directors now own 401,291 shares of the company directly, valued at $1,239,989.19. The transaction was disclosed in legal documents to the Securities and Exchange Commission, available at this link. His 1.20% of the shares are owned by corporate insiders.
Analyst Rating Change
Many equity research analysts have published reports on the BKD stock. Stifel Nicolaus downgraded Brookdale Senior Living’s stock from a ‘buy’ rating to a ‘hold’ rating and lowered the company’s price target from his $5.00 to his $4.00 in a report on Tuesday, Jan. 17. rice field. StockNews.com upgraded Brookdale Senior Living’s stock from a ‘sell’ rating to a ‘pending’ rating in a report on Tuesday, January 24. Barclays lowered its price target for Brookdale Senior Living shares from $8.00 to $7.00 and set the company’s rating to ‘overweight’ in its Friday October 21 report. Finally, the Royal Bank of Canada lowered its price target for Brookdale Senior Living to $6.00 from his $8.00 in a report on Thursday, Nov. 10, setting a “sector perform” rating for the company.
Brookdale Senior Living Trading +0.7%
BKD shares Wednesday opened at $2.88. The company has a 50-day moving average price of $2.85 and a 200-day moving average price of $3.99. Brookdale Senior Living Inc. has a 52-week low of $2.37 and a 52-week high of $7.61. The company has an equity ratio of 8.69, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $538.01 million, a PE ratio of -1.82 and a beta of 1.35.
Brookdale Senior Living (NYSE:BKD – Get Rating) reported final results on Monday, November 7. The company reported his earnings per share ($0.15) for the quarter, missing ($0.02) from analyst consensus expectations ($0.13). The business generated revenue of $757.46 million for the quarter, compared with analysts’ forecast of $757.47 million. Brookdale Senior Living had a net profit margin of 10.64% and a return on equity of 50.99%. Sell-side analysts expect Brookdale Senior Living’s earnings per share to fall by -1.5 this year.
Brookdale Senior Living Company Profile
Brookdale Senior Living, Inc is engaged in operating senior living communities. The company manages independent living, assisted living, dementia care communities, and continuing care retirement centers. It operates through the following segments: Independent Living Assisted Living and Memory Care, CCRC, Health Care Services, and Managed Services.
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