Cinctive Capital Management LP Invests $834,000 in Brookdale Senior Living Inc. (NYSE:BKD)

Cinctive Capital Management LP acquired a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 122,891 shares of the company’s stock, valued at approximately $834,000.

Several other large investors also recently added to or reduced their stakes in BKD. Mackenzie Financial Corp raised its stake in shares of Brookdale Senior Living by 9.2% during the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after acquiring an additional 2,697 shares in the last quarter. Diversified Trust Co increased its stake in shares of Brookdale Senior Living by 7.7% during the second quarter. Diversified Trust Co now owns 42,567 shares of the company’s stock valued at $291,000 after buying an additional 3,056 shares during the period. Principal Financial Group Inc. increased its stake in shares of Brookdale Senior Living by 15.8% during the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after buying an additional 3,390 shares during the period. nVerses Capital LLC purchased a new stake in Brookdale Senior Living in the second quarter worth about $25,000. Finally, Headlands Technologies LLC purchased a new stake in Brookdale Senior Living in the second quarter worth about $26,000.

Analyst Upgrades and Downgrades

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

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $5.51 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. The company has a market cap of $1.10 billion, a PE ratio of -5.98 and a beta of 1.29. Brookdale Senior Living Inc. has a 12-month low of $5.08 and a 12-month high of $8.12. The business’s fifty day simple moving average is $5.97 and its 200-day simple moving average is $6.64.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. During the same period in the prior year, the business posted ($0.22) EPS. Analysts expect that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

About Brookdale Senior Living

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.