Brookdale Senior Living (NYSE:BKD) Sees Large Volume Increase – Here’s Why

Brookdale Senior Living Inc. (NYSE:BKD) shares saw strong trading volume on Thursday . 3,197,387 shares changed hands during trading, an increase of 57% from the previous session’s volume of 2,030,186 shares.The stock last traded at $4.82 and had previously closed at $4.70.

Analyst Ratings Changes

Several analysts have recently weighed in on BKD shares. Jefferies Financial Group initiated coverage on shares of Brookdale Senior Living in a research note on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research note on Friday, December 20th. Bank of America cut shares of Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $7.75 to $6.00 in a report on Monday, October 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.

Brookdale Senior Living Price Performance

The firm has a market capitalization of $949.24 million, a PE ratio of -5.18 and a beta of 1.31. The company has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $6.15. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46.

Brookdale Senior Living (NYSE:BKD) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $784.17 million during the quarter, compared to analyst estimates of $785.61 million. Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. During the same period in the previous year, the firm earned ($0.22) earnings per share. Sell-side analysts forecast that Brookdale Senior Living Inc. will post -0.68 earnings per share for the current year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brookdale Senior Living

A number of large investors have recently made changes to their positions in BKD. R Squared Ltd purchased a new position in Brookdale Senior Living in the fourth quarter valued at about $33,000. Sei Investments Co. purchased a new position in shares of Brookdale Senior Living in the second quarter valued at $81,000. Quest Partners LLC acquired a new position in shares of Brookdale Senior Living during the 3rd quarter worth $104,000. Algert Global LLC purchased a new stake in shares of Brookdale Senior Living in the 2nd quarter worth about $124,000. Finally, Aigen Investment Management LP increased its holdings in Brookdale Senior Living by 69.5% during the 3rd quarter. Aigen Investment Management LP now owns 25,960 shares of the company’s stock valued at $176,000 after acquiring an additional 10,647 shares in the last quarter.

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.