Brookdale Senior Living (NYSE:BKD) Shares Gap Up – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD) gapped up before the market opened on Wednesday . The stock had previously closed at $5.30, but opened at $5.68. Brookdale Senior Living shares last traded at $5.26, with a volume of 546,266 shares changing hands.

Wall Street Analyst Weigh In

BKD has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research report on Thursday. Macquarie reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a report 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.com, the company has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Stock Down 1.0 %

The stock has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $5.85. The firm has a market cap of $1.07 billion, a PE ratio of -6.06 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). Brookdale Senior Living had a negative return on equity of 59.90% and a negative net margin of 6.46%. The firm had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.61 EPS for the current fiscal year.

Insider Transactions at Brookdale Senior Living

In other news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.62, for a total transaction 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. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds have recently bought and sold shares of BKD. Flat Footed LLC raised its position in shares of Brookdale Senior Living by 84.9% during the 4th quarter. Flat Footed LLC now owns 11,401,757 shares of the company’s stock valued at $57,351,000 after buying an additional 5,235,078 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Brookdale Senior Living by 86.5% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock valued at $38,031,000 after acquiring an additional 3,507,044 shares during the last quarter. Rush Island Management LP raised its position in Brookdale Senior Living by 62.3% during the fourth quarter. Rush Island Management LP now owns 8,303,926 shares of the company’s stock valued at $41,769,000 after purchasing an additional 3,187,294 shares in the last quarter. Wellington Management Group LLP lifted its stake in Brookdale Senior Living by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 9,916,049 shares of the company’s stock worth $49,878,000 after purchasing an additional 2,089,242 shares during the last quarter. Finally, Adelante Capital Management LLC purchased a new position in shares of Brookdale Senior Living in the 3rd quarter worth about $12,076,000.

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.