Gagnon Securities LLC Acquires New Holdings in Brookdale Senior Living Inc. $BKD

Gagnon Securities LLC bought a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 739,175 shares of the company’s stock, valued at approximately $8,005,000. Brookdale Senior Living makes up approximately 1.4% of Gagnon Securities LLC’s investment portfolio, making the stock its 26th biggest position. Gagnon Securities LLC owned approximately 0.31% of Brookdale Senior Living at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. WCM Investment Management LLC bought a new stake in Brookdale Senior Living during the first quarter worth $171,681,000. Wellington Management Group LLP lifted its stake in Brookdale Senior Living by 9.1% during the 2nd quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock valued at $155,000,000 after acquiring an additional 802,736 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Brookdale Senior Living by 9.0% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock valued at $143,010,000 after acquiring an additional 731,000 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Brookdale Senior Living by 20.4% during the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock valued at $104,838,000 after acquiring an additional 1,300,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Brookdale Senior Living by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,941 shares of the company’s stock worth $71,061,000 after acquiring an additional 173,454 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BKD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Stephens cut their price target on shares of Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday. Barclays reduced their price objective on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Zacks Research lowered shares of Brookdale Senior Living from a “strong-buy” rating to a “strong sell” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.60.

Brookdale Senior Living Stock Down 1.7%

Shares of Brookdale Senior Living stock opened at $9.22 on Thursday. Brookdale Senior Living Inc. has a 1 year low of $8.79 and a 1 year high of $17.09. The stock has a fifty day moving average price of $10.75 and a 200-day moving average price of $13.21.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $712.07 million for the quarter, compared to the consensus estimate of $721.26 million. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 1.27%. As a group, equities research analysts expect that Brookdale Senior Living Inc. will post -0.05 EPS for the current year.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.