Russell Investments Group Ltd. bought a new position in shares of Brookdale Senior Living, Inc. (NYSE:BKD) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 15,600 shares of the company’s stock, valued at approximately $118,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Brookdale Senior Living by 54.6% during the second quarter. Renaissance Technologies LLC now owns 11,384,695 shares of the company’s stock valued at $82,084,000 after purchasing an additional 4,022,079 shares during the period. Land & Buildings Investment Management LLC grew its stake in shares of Brookdale Senior Living by 49.1% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 5,668,426 shares of the company’s stock valued at $40,869,000 after buying an additional 1,867,595 shares during the period. Camber Capital Management LP grew its stake in shares of Brookdale Senior Living by 13.6% in the 2nd quarter. Camber Capital Management LP now owns 12,500,000 shares of the company’s stock valued at $90,125,000 after buying an additional 1,500,000 shares during the period. Nuveen Asset Management LLC bought a new stake in Brookdale Senior Living in the 2nd quarter valued at about $7,526,000. Finally, Point72 Asset Management L.P. bought a new stake in Brookdale Senior Living in the 2nd quarter valued at about $5,640,000. 94.25% of the stock is currently owned by institutional investors and hedge funds.
Separately, Barclays assumed coverage on Brookdale Senior Living in a research note on Tuesday, September 3rd. They set an “equal weight” rating and a $8.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.63.
Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.13). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Brookdale Senior Living had a negative net margin of 1.09% and a negative return on equity of 24.04%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.20) EPS. On average, analysts expect that Brookdale Senior Living, Inc. will post -1.13 EPS for the current year.
About Brookdale Senior Living
Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Independent Living, Assisted Living and Memory Care, CCRCs, Health Care Services, and Management Services. 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 senior citizens.
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