Dynamic Technology Lab Private Ltd Purchases Shares of 75,782 Brookdale Senior Living Inc. (NYSE:BKD)

Dynamic Technology Lab Private Ltd purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 75,782 shares of the company’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $52,000. Sei Investments Co. bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $81,000. Finally, Lazard Asset Management LLC grew its position in shares of Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock valued at $92,000 after acquiring an additional 2,790 shares during the period.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.71 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -6.21 and a beta of 1.32. The company has a debt-to-equity ratio of 14.46, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50-day simple moving average of $6.04 and a 200 day simple moving average of $6.68. Brookdale Senior Living Inc. has a 52 week low of $5.08 and a 52 week high of $8.12.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the prior year, the firm earned ($0.22) EPS. On average, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Macquarie reaffirmed an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Bank of America downgraded shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living currently has an average rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.