Clough Capital Partners L P Cuts Stake in Brookdale Senior Living Inc. $BKD

Clough Capital Partners L P lessened its stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 41.7% during the first quarter, HoldingsChannel reports. The firm owned 310,260 shares of the company’s stock after selling 222,040 shares during the period. Clough Capital Partners L P’s holdings in Brookdale Senior Living were worth $4,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. WCM Investment Management LLC acquired a new stake in Brookdale Senior Living in the first quarter valued at approximately $171,681,000. Senator Investment Group LP acquired a new position in shares of Brookdale Senior Living during the fourth quarter worth $36,786,000. Wellington Management Group LLP boosted its stake in shares of 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 valued at $98,331,000 after purchasing an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after purchasing an additional 2,199,000 shares in the last quarter. Finally, Luxor Capital Group LP grew its holdings in Brookdale Senior Living by 154.7% during the 1st quarter. Luxor Capital Group LP now owns 2,929,492 shares of the company’s stock valued at $40,075,000 after purchasing an additional 1,779,492 shares in the last quarter.

Brookdale Senior Living Stock Performance

BKD opened at $15.13 on Monday. The company has a 50-day moving average of $14.04 and a 200-day moving average of $13.99. The company has a market capitalization of $3.61 billion, a P/E ratio of -17.60 and a beta of 0.58. Brookdale Senior Living Inc. has a 1-year low of $6.99 and a 1-year high of $17.09.

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

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Company 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.