Brookdale Senior Living Inc. (NYSE:BKD) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 26.7% in the fourth quarter, HoldingsChannel reports. The firm owned 9,916,049 shares of the company’s stock after acquiring an additional 2,089,242 shares during the period. Wellington Management Group LLP’s holdings in Brookdale Senior Living were worth $49,878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BKD. ANTIPODES PARTNERS Ltd boosted its position in Brookdale Senior Living by 86.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock worth $38,031,000 after purchasing an additional 3,507,044 shares during the period. Geode Capital Management LLC grew its position in shares of Brookdale Senior Living by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock valued at $29,648,000 after buying an additional 89,344 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Brookdale Senior Living by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,017,897 shares of the company’s stock worth $15,180,000 after buying an additional 64,814 shares during the period. First Eagle Investment Management LLC lifted its position in Brookdale Senior Living by 40.8% in the 4th quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company’s stock valued at $8,254,000 after purchasing an additional 475,268 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in Brookdale Senior Living by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,499,600 shares of the company’s stock worth $7,543,000 after buying an additional 95,700 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BKD shares. Barclays started coverage on Brookdale Senior Living in a report on Tuesday, April 1st. They set an “equal weight” rating and a $7.00 target price on the stock. Macquarie reissued an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.40.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $5.81 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -6.53 and a beta of 0.87. The company has a 50 day moving average of $5.53 and a 200-day moving average of $5.62. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, equities analysts forecast that Brookdale Senior Living Inc. will post -0.56 earnings per share for the current fiscal 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.