Caxton Associates LP Boosts Stake in Brookdale Senior Living Inc. (NYSE:BKD)
Caxton Associates LP has increased its stake in Brookdale Senior Living Inc. by 135.4% during the 1st quarter, according to its recent filing with the Securities and Exchange Commission. Other institutional investors have also modified their holdings of BKD. Analyst reports on Brookdale Senior Living have been mixed, with one sell rating, one hold rating, and two buy ratings. The company's stock price has ranged from $3.46 to $8.12 in the past year.
Caxton Associates LP lifted its holdings in Brookdale Senior Living Inc. (NYSE:BKD - Free Report) by 135.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,196 shares of the company's stock after buying an additional 81,210 shares during the period. Caxton Associates LP owned approximately 0.07% of Brookdale Senior Living worth $933,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of BKD. Lazard Asset Management LLC increased its position in shares of Brookdale Senior Living by 25.0% during the first quarter. Lazard Asset Management LLC now owns 13,966 shares of the company's stock valued at $92,000 after acquiring an additional 2,790 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $104,000. Aigen Investment Management LP acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $109,000. SG Americas Securities LLC acquired a new position in shares of Brookdale Senior Living in the first quarter valued at approximately $130,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $160,000.
Wall Street Analysts Forecast Growth
BKD has been the subject of several analyst reports. Macquarie initiated coverage on shares of Brookdale Senior Living in a report on Friday, June 28th. They set an "outperform" rating and a $7.50 price target for the company. Royal Bank of Canada restated an "outperform" rating and set a $9.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, July 10th. Finally, StockNews.com downgraded shares of Brookdale Senior Living from a "hold" rating to a "sell" rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.50.
View Our Latest Analysis on Brookdale Senior Living
Brookdale Senior Living Price Performance
Shares of NYSE BKD opened at $7.83 on Wednesday. Brookdale Senior Living Inc. has a 52 week low of $3.46 and a 52 week high of $8.12. The company's 50-day moving average price is $7.04 and its 200 day moving average price is $6.54. The company has a debt-to-equity ratio of 10.23, a current ratio of 0.84 and a quick ratio of 0.84.
Brookdale Senior Living (NYSE:BKD - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The company had revenue of $782.83 million for the quarter. Brookdale Senior Living had a negative net margin of 5.71% and a negative return on equity of 44.72%. As a group, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.52 EPS for the current fiscal year.
About Brookdale Senior Living
(Free Report)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.
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