Brookdale Senior Living (NYSE:BKD) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.89 and traded as high as $13.56. Brookdale Senior Living shares last traded at $13.2950, with a volume of 2,161,337 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on BKD. Barclays boosted their price target on Brookdale Senior Living to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens started coverage on Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Finally, Weiss Ratings upgraded Brookdale Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Brookdale Senior Living Price Performance

The firm’s 50-day moving average price is $13.69 and its 200 day moving average price is $12.92. The firm has a market cap of $3.22 billion, a P/E ratio of -15.67 and a beta of 0.68.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The company had revenue of $764.86 million for the quarter, compared to the consensus estimate of $771.16 million. Analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

Several large investors have recently added to or reduced their stakes in BKD. WCM Investment Management LLC bought a new position in Brookdale Senior Living in the first quarter worth about $171,681,000. Senator Investment Group LP bought a new position in Brookdale Senior Living in the fourth quarter worth about $36,786,000. Eversept Partners LP lifted its holdings in Brookdale Senior Living by 851.8% in the first quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock worth $48,818,000 after acquiring an additional 3,193,626 shares during the last quarter. Mason Capital Management LLC bought a new position in Brookdale Senior Living in the third quarter worth about $20,971,000. Finally, Wellington Management Group LLP lifted its holdings in Brookdale Senior Living by 24.5% in the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after acquiring an additional 2,282,151 shares during the last quarter.

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.