Healthcare of Ontario Pension Plan Trust Fund Acquires 209,400 Shares of Brookdale Senior Living Inc. (NYSE:BKD)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 35.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,800 shares of the company’s stock after purchasing an additional 209,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.40% of Brookdale Senior Living worth $5,397,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in Brookdale Senior Living in the 2nd quarter worth about $9,603,000. Hennessy Advisors Inc. bought a new stake in shares of Brookdale Senior Living in the second quarter worth approximately $8,513,000. American Century Companies Inc. grew its stake in shares of Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after acquiring an additional 1,228,473 shares during the period. Marshall Wace LLP raised its holdings in shares of Brookdale Senior Living by 35.4% during the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock valued at $13,228,000 after purchasing an additional 506,114 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Brookdale Senior Living during the second quarter valued at approximately $3,265,000.

Brookdale Senior Living Price Performance

NYSE BKD opened at $5.71 on Friday. The business’s fifty day moving average is $6.04 and its 200 day moving average is $6.68. Brookdale Senior Living Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $8.12. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.14 billion, a PE ratio of -6.21 and a beta of 1.32.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the previous year, the firm earned ($0.22) earnings per share. Sell-side analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BKD shares. Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $7.75 to $6.00 in a research report on Monday, October 7th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.75.

About Brookdale Senior Living

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.