Brookdale Senior Living Inc. (NYSE:BKD) Shares Bought by Josh Arnold Investment Consultant LLC

Josh Arnold Investment Consultant LLC raised its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 38.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 125,000 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Brookdale Senior Living accounts for approximately 0.7% of Josh Arnold Investment Consultant LLC’s holdings, making the stock its 12th biggest holding. Josh Arnold Investment Consultant LLC’s holdings in Brookdale Senior Living were worth $849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Brookdale Senior Living by 449.5% in the 3rd quarter. Principal Financial Group Inc. now owns 136,531 shares of the company’s stock worth $927,000 after acquiring an additional 111,686 shares during the period. Vanguard Group Inc. boosted its position in shares of Brookdale Senior Living by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,271,365 shares of the company’s stock worth $120,774,000 after buying an additional 220,199 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Brookdale Senior Living during the 2nd quarter worth about $9,603,000. Vision Capital Corp grew its position in Brookdale Senior Living by 27.8% during the third quarter. Vision Capital Corp now owns 1,838,440 shares of the company’s stock valued at $12,483,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Brookdale Senior Living by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after acquiring an additional 145,283 shares in the last quarter.

Brookdale Senior Living Trading Up 1.6 %

Shares of BKD stock opened at $5.68 on Friday. Brookdale Senior Living Inc. has a 52 week low of $5.08 and a 52 week high of $8.12. 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 stock’s fifty day moving average is $6.02 and its 200-day moving average is $6.67.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKD. Royal Bank of Canada reaffirmed an “outperform” rating and set a $9.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Jefferies Financial Group initiated coverage on Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 target price on the stock. Macquarie reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.