Gagnon Advisors LLC Buys New Position in Brookdale Senior Living Inc. $BKD

Gagnon Advisors LLC bought a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the third quarter, HoldingsChannel.com reports. The firm bought 368,349 shares of the company’s stock, valued at approximately $3,989,000. Brookdale Senior Living makes up approximately 2.2% of Gagnon Advisors LLC’s holdings, making the stock its 20th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC purchased a new position in Brookdale Senior Living in the 1st quarter valued at approximately $171,681,000. Wellington Management Group LLP grew its stake in shares of Brookdale Senior Living by 9.1% in the second quarter. Wellington Management Group LLP now owns 9,633,343 shares of the company’s stock worth $155,000,000 after acquiring an additional 802,736 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in shares of Brookdale Senior Living by 9.0% in the second quarter. Maple Rock Capital Partners Inc. now owns 8,888,148 shares of the company’s stock worth $143,010,000 after acquiring an additional 731,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Brookdale Senior Living by 20.4% during the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after acquiring an additional 1,300,100 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Brookdale Senior Living by 3.5% during the first 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 period.

Analysts Set New Price Targets

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

Brookdale Senior Living Stock Down 2.7%

Shares of NYSE:BKD opened at $8.97 on Friday. The firm’s 50 day moving average price is $10.69 and its 200 day moving average price is $13.19. Brookdale Senior Living Inc. has a fifty-two week low of $8.79 and a fifty-two week high of $17.09.

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

Insider Buying and Selling at Brookdale Senior Living

In other news, Director C Christian Winkle acquired 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was acquired at an average cost of $8.95 per share, with a total value of $358,000.00. Following the transaction, the director owned 40,000 shares in the company, valued at approximately $358,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

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.