Dynamic Technology Lab Private Ltd Takes Position in Brookdale Senior Living Inc. (NYSE:BKD)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,782 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKD. Assenagon Asset Management S.A. bought a new position in Brookdale Senior Living in the second quarter valued at approximately $9,603,000. Hennessy Advisors Inc. bought a new position in Brookdale Senior Living in the second quarter valued at approximately $8,513,000. American Century Companies Inc. boosted its stake in Brookdale Senior Living by 63.6% in the second quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock valued at $21,582,000 after acquiring an additional 1,228,473 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brookdale Senior Living in the second quarter valued at approximately $3,998,000. Finally, Marshall Wace LLP boosted its stake in Brookdale Senior Living by 35.4% in the second quarter. Marshall Wace LLP now owns 1,936,781 shares of the company’s stock valued at $13,228,000 after acquiring an additional 506,114 shares during the last quarter.

Brookdale Senior Living Trading Up 2.1 %

Shares of NYSE:BKD opened at $5.71 on Friday. Brookdale Senior Living Inc. has a 12 month low of $5.08 and a 12 month high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The company’s fifty day simple moving average is $6.04 and its 200 day simple moving average is $6.68. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -6.21 and a beta of 1.32.

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 analyst estimates of $785.61 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. As a group, research analysts forecast that Brookdale Senior Living Inc. will post -0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BKD. Macquarie reiterated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 target price on the stock. Bank of America lowered shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.75.

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.