Renaissance Technologies LLC Raises Stock Holdings in Brookdale Senior Living Inc. $BKD

Renaissance Technologies LLC boosted its position in Brookdale Senior Living Inc. (NYSE:BKD) by 20.4% in the first quarter, Holdings Channel.com reports. The firm owned 7,663,564 shares of the company’s stock after buying an additional 1,300,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Brookdale Senior Living were worth $104,838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKD. Osaic Holdings Inc. boosted its holdings in shares of Brookdale Senior Living by 7.1% during the 2nd quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after buying an additional 1,331 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Brookdale Senior Living by 5.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock worth $531,000 after acquiring an additional 2,160 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Brookdale Senior Living by 44,583.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after acquiring an additional 2,675 shares in the last quarter. Mackenzie Financial Corp lifted its position in Brookdale Senior Living by 4.6% during the 4th quarter. Mackenzie Financial Corp now owns 63,893 shares of the company’s stock valued at $686,000 after acquiring an additional 2,811 shares during the period. Finally, ProShare Advisors LLC lifted its position in Brookdale Senior Living by 8.3% during the 4th quarter. ProShare Advisors LLC now owns 42,523 shares of the company’s stock valued at $459,000 after acquiring an additional 3,264 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Stephens initiated coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. Compass Point started coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Finally, Weiss Ratings cut Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Brookdale Senior Living Price Performance

Shares of NYSE:BKD opened at $15.13 on Friday. Brookdale Senior Living Inc. has a 1-year low of $6.99 and a 1-year high of $17.09. The business has a fifty day moving average price of $14.04 and a 200-day moving average price of $13.97. The company has a market capitalization of $3.61 billion, a PE ratio of -17.60 and a beta of 0.58.

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

Brookdale Senior Living Profile

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.