Investment Centers of America Inc. Has $245,000 Position in Brookdale Senior Living Inc. (BKD)
Investment Centers of America Inc. trimmed its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the company’s stock after selling 500 shares during the quarter. Investment Centers of America Inc.’s holdings in Brookdale Senior Living were worth $245,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in Brookdale Senior Living by 6.2% during the 2nd quarter. Royce & Associates LP now owns 1,096,000 shares of the company’s stock worth $16,122,000 after purchasing an additional 63,500 shares in the last quarter. IMS Capital Management grew its stake in Brookdale Senior Living by 2.6% during the 2nd quarter. IMS Capital Management now owns 70,455 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,803 shares in the last quarter. Chartwell Investment Partners LLC acquired a new position in Brookdale Senior Living during the 1st quarter worth $1,458,000. Prudential Financial Inc. grew its stake in Brookdale Senior Living by 57.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,112,727 shares of the company’s stock worth $16,368,000 after purchasing an additional 407,604 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Brookdale Senior Living by 56.6% during the 1st quarter. Neuberger Berman Group LLC now owns 19,926 shares of the company’s stock worth $268,000 after purchasing an additional 7,200 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on BKD. ValuEngine cut Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, September 3rd. BidaskClub cut Brookdale Senior Living from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Brookdale Senior Living from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Stifel Nicolaus lowered their target price on Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $16.50 target price on shares of Brookdale Senior Living in a research note on Friday, July 14th. Five analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.50.
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Shares of Brookdale Senior Living Inc. (BKD) opened at 11.09 on Wednesday. Brookdale Senior Living Inc. has a one year low of $10.65 and a one year high of $18.20. The firm’s 50-day moving average price is $12.04 and its 200-day moving average price is $13.27. The stock’s market capitalization is $2.07 billion.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.79). Brookdale Senior Living had a negative net margin of 10.14% and a positive return on equity of 6.00%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities research analysts anticipate that Brookdale Senior Living Inc. will post $1.80 EPS for the current fiscal year.
Brookdale Senior Living Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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