Park West Asset Management LLC Invests $49.49 Million in Brookdale Senior Living Inc. $BKD

Park West Asset Management LLC acquired a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,075,883 shares of the company’s stock, valued at approximately $49,491,000. Brookdale Senior Living accounts for 3.4% of Park West Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Park West Asset Management LLC owned about 1.29% of Brookdale Senior Living at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKD. Pingora Partners LLC acquired a new stake in shares of Brookdale Senior Living in the second quarter valued at about $581,000. Bank of America Corp DE bought a new stake in Brookdale Senior Living in the second quarter valued at approximately $25,112,000. Sculptor Capital LP acquired a new stake in Brookdale Senior Living during the 2nd quarter valued at approximately $28,640,000. Jupiter Topco LLC bought a new position in Brookdale Senior Living during the 2nd quarter worth approximately $1,688,000. Finally, Hsbc Holdings PLC bought a new position in Brookdale Senior Living during the 2nd quarter worth approximately $260,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Compass Point began coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 target price for the company. Barclays dropped their price objective on Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday. One research 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’s stock. According to MarketBeat, Brookdale Senior Living currently has a consensus rating of “Moderate Buy” and an average price target of $17.40.

Brookdale Senior Living Stock Performance

BKD stock opened at $12.20 on Thursday. The stock’s 50 day simple moving average is $14.22 and its 200 day simple moving average is $14.09. The company has a market cap of $2.91 billion, a P/E ratio of -21.03, a price-to-earnings-growth ratio of 5.91 and a beta of 0.60. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The firm had revenue of $718.58 million during the quarter, compared to analysts’ expectations of $735.63 million. Equities analysts predict that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current year.

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.