Short Interest in Brookdale Senior Living Inc. (NYSE:BKD) Declines By 8.4%

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 8,850,000 shares, a decline of 8.4% from the November 15th total of 9,660,000 shares. Based on an average daily volume of 2,260,000 shares, the short-interest ratio is presently 3.9 days. Currently, 5.1% of the company’s stock are short sold.

Insider Activity at Brookdale Senior Living

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the sale, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brookdale Senior Living

Large investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in Brookdale Senior Living during the third quarter worth about $1,775,000. Geode Capital Management LLC lifted 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 acquiring an additional 89,344 shares during the period. Barclays PLC boosted its stake in shares of Brookdale Senior Living by 339.9% during the 3rd quarter. Barclays PLC now owns 322,667 shares of the company’s stock worth $2,192,000 after acquiring an additional 249,318 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of Brookdale Senior Living by 261.6% in the 3rd quarter. Anson Funds Management LP now owns 452,000 shares of the company’s stock worth $3,069,000 after acquiring an additional 327,000 shares during the period. Finally, XTX Topco Ltd purchased a new position in Brookdale Senior Living in the 3rd quarter valued at approximately $511,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group assumed coverage on Brookdale Senior Living in a report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective on the stock. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.75.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $5.25 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a 50-day moving average price of $5.79 and a 200 day moving average price of $6.56. The company has a market cap of $1.05 billion, a P/E ratio of -5.71 and a beta of 1.29. Brookdale Senior Living has a 52 week low of $5.08 and a 52 week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last announced 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). Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. The business had revenue of $784.17 million for the quarter, compared to analyst estimates of $785.61 million. During the same period in the prior year, the company earned ($0.22) EPS. Research analysts predict that Brookdale Senior Living will post -0.7 earnings per share for the current year.

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.