Brookdale Senior Living Inc. (NYSE:BKD) Sees Large Drop in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 12,970,000 shares, a drop of 6.6% from the July 31st total of 13,880,000 shares. Approximately 7.5% of the company’s shares are sold short. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is currently 6.5 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKD. StockNews.com downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Royal Bank of Canada reissued an “outperform” rating and set a $9.00 target price on shares of Brookdale Senior Living in a research report on Monday, August 12th. Finally, Macquarie initiated coverage on shares of Brookdale Senior Living in a report on Friday, June 28th. They issued an “outperform” rating and a $7.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Down 0.5 %

Shares of BKD opened at $7.08 on Wednesday. The stock’s 50-day moving average is $7.27 and its two-hundred day moving average is $6.78. The stock has a market cap of $1.37 billion, a PE ratio of -9.19 and a beta of 1.31. The company has a debt-to-equity ratio of 11.21, a current ratio of 0.79 and a quick ratio of 0.79. Brookdale Senior Living has a 12 month low of $3.62 and a 12 month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $777.54 million for the quarter. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 51.31%. During the same quarter in the prior year, the company earned ($0.15) EPS. Equities analysts forecast that Brookdale Senior Living will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Brookdale Senior Living during the second quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter worth approximately $52,000. Sei Investments Co. acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at approximately $81,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Brookdale Senior Living by 25.0% during the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after buying an additional 2,790 shares during the last quarter.

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.