Brookdale Senior Living (NYSE:BKD) Sees Unusually-High Trading Volume – Here’s What Happened

Brookdale Senior Living Inc. (NYSE:BKD) shares saw an uptick in trading volume on Friday . 1,547,731 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 2,004,737 shares.The stock last traded at $4.94 and had previously closed at $4.92.

Analysts Set New Price Targets

Several research firms have commented on BKD. Royal Bank of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Macquarie reiterated an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Friday, December 20th. Jefferies Financial Group began coverage on Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $7.75 to $6.00 in a research 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. According to MarketBeat, Brookdale Senior Living presently has an average rating of “Hold” and a consensus target price of $7.50.

Brookdale Senior Living Trading Up 0.1 %

The business’s 50-day moving average is $5.19 and its two-hundred day moving average is $6.20. The stock has a market capitalization of $981.11 million, a PE ratio of -5.35 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results 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 firm had revenue of $784.17 million during the quarter, compared to analyst estimates 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 last year, the company earned ($0.22) earnings per share. On average, analysts anticipate that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Brookdale Senior Living

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in shares of Brookdale Senior Living by 9.2% in the second quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock valued at $218,000 after purchasing an additional 2,697 shares during the period. SG Americas Securities LLC increased its stake in Brookdale Senior Living by 13.8% in the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock valued at $292,000 after buying an additional 5,208 shares during the period. The Manufacturers Life Insurance Company raised its position in Brookdale Senior Living by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 101,442 shares of the company’s stock worth $693,000 after buying an additional 6,508 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Brookdale Senior Living in the 4th quarter worth $33,000. Finally, Aigen Investment Management LP boosted its holdings in shares of Brookdale Senior Living by 69.5% in the third quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock valued at $176,000 after acquiring an additional 10,647 shares in the last quarter.

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.