Brookdale Senior Living (NYSE:BKD) Director C Christian Winkle Buys 40,000 Shares of Company Stock

Brookdale Senior Living Inc. (NYSE:BKD) Director C Christian Winkle acquired 40,000 shares of Brookdale Senior Living stock in a transaction on Tuesday, November 10th. The shares were purchased at an average cost of $8.95 per share, with a total value of $358,000.00. Following the completion of the purchase, the director directly owned 40,000 shares of the company’s stock, valued at approximately $358,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brookdale Senior Living Price Performance

Shares of BKD opened at $8.97 on Friday. The company has a 50-day moving average of $10.69 and a two-hundred day moving average of $13.19. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -56.09 and a beta of 0.55. Brookdale Senior Living Inc. has a one year low of $8.79 and a one year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last issued 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 net margin of 1.27% and a negative return on equity of 15,050.32%. The firm had revenue of $712.07 million during the quarter, compared to analysts’ expectations of $721.26 million. Analysts anticipate that Brookdale Senior Living Inc. will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Brookdale Senior Living

A number of hedge funds have recently modified their holdings of the stock. WCM Investment Management LLC acquired a new stake in Brookdale Senior Living in the 1st quarter valued at $171,681,000. Eversept Partners LP raised its stake in Brookdale Senior Living by 851.8% during the first quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock worth $48,818,000 after acquiring an additional 3,193,626 shares in the last quarter. Park West Asset Management LLC bought a new position in shares of Brookdale Senior Living during the second quarter valued at $49,491,000. Deutsche Bank AG bought a new position in shares of Brookdale Senior Living during the second quarter valued at $46,167,000. Finally, Sculptor Capital LP acquired a new stake in shares of Brookdale Senior Living in the 2nd quarter valued at $28,640,000.

Wall Street Analyst Weigh In

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

Brookdale Senior Living Company Profile

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.