JPMorgan Chase & Co. Raises Position in Brookdale Senior Living Inc. (NYSE:BKD)

JPMorgan Chase & Co. grew its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 247.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 710,014 shares of the company’s stock after buying an additional 505,569 shares during the quarter. JPMorgan Chase & Co.’s holdings in Brookdale Senior Living were worth $3,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BKD. ANTIPODES PARTNERS Ltd raised its position in Brookdale Senior Living by 86.5% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 7,560,262 shares of the company’s stock worth $38,031,000 after buying an additional 3,507,044 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Brookdale Senior Living by 40.8% during the fourth quarter. First Eagle Investment Management LLC now owns 1,640,886 shares of the company’s stock valued at $8,254,000 after purchasing an additional 475,268 shares during the last quarter. Barclays PLC lifted its position in Brookdale Senior Living by 339.9% during the third quarter. Barclays PLC now owns 322,667 shares of the company’s stock valued at $2,192,000 after purchasing an additional 249,318 shares during the period. New York State Common Retirement Fund boosted its holdings in Brookdale Senior Living by 19.2% in the fourth quarter. New York State Common Retirement Fund now owns 1,324,478 shares of the company’s stock worth $6,662,000 after purchasing an additional 213,512 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in Brookdale Senior Living by 23.5% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 894,912 shares of the company’s stock worth $4,501,000 after purchasing an additional 170,000 shares during the last quarter.

Brookdale Senior Living Stock Down 1.2 %

Shares of NYSE:BKD opened at $6.24 on Monday. The company has a 50-day moving average price of $5.80 and a 200 day moving average price of $5.55. 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 Inc. has a 12 month low of $4.45 and a 12 month high of $8.12. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -7.01 and a beta of 0.87.

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

Wall Street Analyst Weigh In

BKD has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Thursday, April 10th. Barclays increased their target price on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. Finally, Macquarie restated an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.50.

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.