Lee Danner & Bass Inc. Sells 47,625 Shares of Brookdale Senior Living, Inc. (BKD)

Lee Danner & Bass Inc. trimmed its position in Brookdale Senior Living, Inc. (NYSE:BKD) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 774,998 shares of the company’s stock after selling 47,625 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Brookdale Senior Living were worth $5,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BKD. Norges Bank bought a new position in Brookdale Senior Living in the 4th quarter valued at $19,763,000. Morgan Stanley boosted its position in Brookdale Senior Living by 16.3% in the 3rd quarter. Morgan Stanley now owns 11,547,943 shares of the company’s stock valued at $113,516,000 after buying an additional 1,619,624 shares during the last quarter. Macquarie Group Ltd. boosted its position in Brookdale Senior Living by 20.1% in the 4th quarter. Macquarie Group Ltd. now owns 8,878,228 shares of the company’s stock valued at $59,484,000 after buying an additional 1,488,103 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Brookdale Senior Living in the 4th quarter valued at $7,756,000. Finally, BlackRock Inc. boosted its position in Brookdale Senior Living by 8.1% in the 4th quarter. BlackRock Inc. now owns 15,135,913 shares of the company’s stock valued at $101,410,000 after buying an additional 1,131,261 shares during the last quarter. Hedge funds and other institutional investors own 98.38% of the company’s stock.

A number of research analysts have commented on BKD shares. Zacks Investment Research upgraded Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Monday, January 14th. ValuEngine upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $10.00 price objective on shares of Brookdale Senior Living in a research report on Tuesday, February 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.50 price target on shares of Brookdale Senior Living in a research report on Thursday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $9.00.

In other Brookdale Senior Living news, Director Denise Wilder Warren acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $6.56 per share, with a total value of $32,800.00. Following the purchase, the director now owns 24,401 shares of the company’s stock, valued at approximately $160,070.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank M. Bumstead acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were acquired at an average cost of $6.95 per share, for a total transaction of $139,000.00. Following the purchase, the director now directly owns 191,019 shares in the company, valued at approximately $1,327,582.05. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,195 shares of company stock worth $320,904 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Shares of NYSE:BKD traded down $0.03 during midday trading on Tuesday, hitting $6.93. The company had a trading volume of 3,962 shares, compared to its average volume of 2,208,336. Brookdale Senior Living, Inc. has a 12 month low of $5.98 and a 12 month high of $10.10. The company has a quick ratio of 1.00, a current ratio of 0.68 and a debt-to-equity ratio of 5.92. The firm has a market capitalization of $1.33 billion, a P/E ratio of -3.47 and a beta of 1.64.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.10. Brookdale Senior Living had a negative return on equity of 18.06% and a negative net margin of 2.59%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned ($2.45) EPS. The firm’s revenue was down 12.2% on a year-over-year basis. As a group, equities research analysts expect that Brookdale Senior Living, Inc. will post -1.17 earnings per share for the current year.

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Brookdale Senior Living Company Profile

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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Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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