Brookdale Senior Living Inc. $BKD Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its position in Brookdale Senior Living Inc. (NYSE:BKD) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,935,586 shares of the company’s stock after selling 52,300 shares during the quarter. First Eagle Investment Management LLC owned about 0.83% of Brookdale Senior Living worth $13,472,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in Brookdale Senior Living during the 1st quarter worth $47,000. Strs Ohio purchased a new stake in shares of Brookdale Senior Living in the first quarter valued at about $61,000. R Squared Ltd acquired a new stake in shares of Brookdale Senior Living during the second quarter worth about $126,000. Walleye Capital LLC acquired a new stake in shares of Brookdale Senior Living during the first quarter worth about $130,000. Finally, Optimize Financial Inc grew its holdings in shares of Brookdale Senior Living by 8.5% during the first quarter. Optimize Financial Inc now owns 24,294 shares of the company’s stock worth $152,000 after buying an additional 1,902 shares during the last quarter.

Brookdale Senior Living Stock Performance

NYSE BKD opened at $9.12 on Friday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -8.68 and a beta of 0.96. The business’s 50 day moving average is $8.33 and its two-hundred day moving average is $7.48. Brookdale Senior Living Inc. has a 12-month low of $4.45 and a 12-month high of $9.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 39.87.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.32). Brookdale Senior Living had a negative net margin of 7.60% and a negative return on equity of 107.19%. The business had revenue of $813.17 million during the quarter, compared to analyst estimates of $825.59 million. Research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BKD shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Wednesday, October 8th. Wall Street Zen raised Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Barclays set a $8.00 price target on Brookdale Senior Living and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $8.33.

Brookdale Senior Living 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.