Charles Schwab Investment Management Inc. Increases Stock Position in Brookdale Senior Living Inc. (NYSE:BKD)

Charles Schwab Investment Management Inc. boosted its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,017,897 shares of the company’s stock after buying an additional 64,814 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Brookdale Senior Living were worth $15,180,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Illumine Investment Management LLC purchased a new stake in Brookdale Senior Living in the 4th quarter worth $101,000. New York State Common Retirement Fund increased its holdings in shares of Brookdale Senior Living by 19.2% in the 4th quarter. New York State Common Retirement Fund now owns 1,324,478 shares of the company’s stock worth $6,662,000 after buying an additional 213,512 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $114,000. Principal Financial Group Inc. increased its holdings in shares of Brookdale Senior Living by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 150,025 shares of the company’s stock worth $755,000 after buying an additional 13,494 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Brookdale Senior Living in the 4th quarter worth about $33,000.

Brookdale Senior Living Stock Performance

Shares of NYSE:BKD opened at $6.15 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.90 and a beta of 1.31. Brookdale Senior Living Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The firm’s 50-day moving average is $5.29 and its 200 day moving average is $5.68. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 20.05.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The firm had revenue of $780.95 million for the quarter, compared to the consensus estimate of $781.78 million. Brookdale Senior Living had a negative net margin of 6.46% and a negative return on equity of 65.92%. Research analysts predict that Brookdale Senior Living Inc. will post -0.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BKD shares. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Thursday, February 20th. Macquarie restated an “outperform” rating and issued a $8.00 target price on shares of Brookdale Senior Living in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Brookdale Senior Living has an average rating of “Hold” and an average target price of $7.50.

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.