Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Down 6.1% in December

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 8,640,000 shares, a decrease of 6.1% from the December 15th total of 9,200,000 shares. Based on an average trading volume of 1,980,000 shares, the short-interest ratio is currently 4.4 days. Currently, 4.9% of the shares of the stock are sold short.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the sale, the director now owns 211,382 shares of the company’s stock, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Brookdale Senior Living

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Brookdale Senior Living by 11.4% in the third quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock valued at $53,144,000 after buying an additional 799,744 shares in the last quarter. Rush Island Management LP raised its stake in shares of Brookdale Senior Living by 31.9% during the third quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after purchasing an additional 1,237,727 shares during the period. Geode Capital Management LLC lifted its position in shares of Brookdale Senior Living by 2.1% during the third quarter. Geode Capital Management LLC now owns 4,365,480 shares of the company’s stock worth $29,648,000 after purchasing an additional 89,344 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Brookdale Senior Living by 63.6% during the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Brookdale Senior Living by 5.5% in the third quarter. Victory Capital Management Inc. now owns 2,765,590 shares of the company’s stock valued at $18,778,000 after purchasing an additional 145,283 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BKD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price for the company. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reissued an “outperform” rating and issued a $8.00 price objective on shares of Brookdale Senior Living in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Trading Down 0.3 %

BKD traded down $0.02 during midday trading on Friday, hitting $5.00. The company’s stock had a trading volume of 2,017,818 shares, compared to its average volume of 1,464,216. The firm has a market cap of $995.07 million, a P/E ratio of -5.43 and a beta of 1.31. Brookdale Senior Living has a 52-week low of $4.70 and a 52-week high of $8.12. 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 firm has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $6.28.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The company had revenue of $784.17 million for the quarter, compared to analysts’ expectations of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same period in the prior year, the business earned ($0.22) EPS. On average, research analysts anticipate that Brookdale Senior Living will post -0.68 earnings per share for the current year.

Brookdale Senior Living Company 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.