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

Clough Capital Partners L P raised its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 16.4% in the third quarter, HoldingsChannel reports. The firm owned 599,910 shares of the company’s stock after acquiring an additional 84,310 shares during the period. Clough Capital Partners L P’s holdings in Brookdale Senior Living were worth $5,081,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cinctive Capital Management LP bought a new position in shares of Brookdale Senior Living during the 3rd quarter worth $462,000. Aquatic Capital Management LLC bought a new stake in shares of Brookdale Senior Living in the third quarter valued at about $683,000. Alliancebernstein L.P. lifted its stake in Brookdale Senior Living by 4.7% in the third quarter. Alliancebernstein L.P. now owns 285,300 shares of the company’s stock worth $2,416,000 after acquiring an additional 12,900 shares during the period. Creative Planning lifted its stake in Brookdale Senior Living by 37.4% in the third quarter. Creative Planning now owns 41,232 shares of the company’s stock worth $349,000 after acquiring an additional 11,232 shares during the period. Finally, Bellevue Group AG bought a new position in Brookdale Senior Living during the 3rd quarter worth about $887,000.

Brookdale Senior Living Stock Up 0.4%

NYSE:BKD opened at $13.96 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 39.87. Brookdale Senior Living Inc. has a twelve month low of $4.97 and a twelve month high of $17.09. The company has a market cap of $3.32 billion, a PE ratio of -12.57 and a beta of 0.68. The company’s 50 day moving average is $14.10 and its two-hundred day moving average is $11.01.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Brookdale Senior Living had a negative return on equity of 305.28% and a negative net margin of 8.22%.The company had revenue of $754.09 million during the quarter, compared to analysts’ expectations of $753.60 million. Analysts anticipate that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BKD shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Zacks Research raised shares of Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Bank of America raised shares of Brookdale Senior Living from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $6.75 to $13.00 in a research note on Tuesday, January 6th. Finally, Wall Street Zen upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.