Hennessy Advisors Inc. Increases Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Hennessy Advisors Inc. increased its position in Brookdale Senior Living Inc. (NYSE:BKD) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,499,600 shares of the company’s stock after acquiring an additional 95,700 shares during the period. Hennessy Advisors Inc.’s holdings in Brookdale Senior Living were worth $7,543,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in Brookdale Senior Living in the 2nd quarter worth approximately $81,000. Quest Partners LLC purchased a new position in Brookdale Senior Living in the 3rd quarter worth approximately $104,000. Algert Global LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at $124,000. Aigen Investment Management LP raised its stake in Brookdale Senior Living by 69.5% during the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock valued at $176,000 after buying an additional 10,647 shares during the last quarter. Finally, Mackenzie Financial Corp raised 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 valued at $218,000 after buying an additional 2,697 shares during the last quarter.

Analyst Ratings Changes

BKD has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price for the company. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.02 on Friday. Brookdale Senior Living Inc. has a 1 year low of $4.70 and a 1 year high of $8.12. The firm has a fifty day moving average price of $5.25 and a 200-day moving average price of $6.30. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The business had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. During the same period in the previous year, the firm earned ($0.22) EPS. As a group, sell-side analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

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.