Y Intercept Hong Kong Ltd Has $3.39 Million Holdings in Brookdale Senior Living Inc. $BKD

Y Intercept Hong Kong Ltd lowered its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,683 shares of the company’s stock after selling 135,166 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Brookdale Senior Living were worth $3,394,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in shares of Brookdale Senior Living by 8.9% during the second quarter. Marshall Wace LLP now owns 3,406,700 shares of the company’s stock valued at $23,711,000 after purchasing an additional 279,232 shares in the last quarter. Delta Investment Management LLC purchased a new position in shares of Brookdale Senior Living during the third quarter valued at approximately $836,000. Hudson Bay Capital Management LP purchased a new position in Brookdale Senior Living during the second quarter worth about $5,220,000. Bosun Asset Management LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at $442,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Brookdale Senior Living by 192.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,821,952 shares of the company’s stock valued at $32,372,000 after acquiring an additional 2,514,884 shares during the period.

Wall Street Analyst Weigh In

BKD has been the topic of a number of analyst reports. Bank of America upgraded Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $6.75 to $13.00 in a research note on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Wednesday, January 21st. Citigroup upgraded Brookdale Senior Living to a “buy” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Finally, Barclays raised their target price on Brookdale Senior Living to $15.00 and gave the company an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $12.87 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a twelve month low of $4.45 and a twelve month high of $13.19. The stock has a market capitalization of $3.06 billion, a PE ratio of -9.82 and a beta of 0.67. The firm’s 50 day moving average price is $11.07 and its 200-day moving average price is $9.20.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The company had revenue of $813.17 million for the quarter, compared to analysts’ expectations of $825.59 million. Brookdale Senior Living had a negative net margin of 9.52% and a negative return on equity of 173.75%. Equities research analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.