Trustcore Financial Services LLC Purchases Shares of 196,657 Brookdale Senior Living, Inc. (BKD)

Trustcore Financial Services LLC acquired a new stake in Brookdale Senior Living, Inc. (NYSE:BKD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 196,657 shares of the company’s stock, valued at approximately $1,294,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of Brookdale Senior Living by 25.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,707 shares of the company’s stock worth $90,000 after buying an additional 2,754 shares in the last quarter. Systematic Financial Management LP grew its position in shares of Brookdale Senior Living by 24.7% during the first quarter. Systematic Financial Management LP now owns 188,570 shares of the company’s stock worth $1,241,000 after buying an additional 37,295 shares in the last quarter. Stephens Inc. AR grew its position in shares of Brookdale Senior Living by 3.1% during the first quarter. Stephens Inc. AR now owns 658,542 shares of the company’s stock worth $4,333,000 after buying an additional 20,044 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Brookdale Senior Living by 36.6% during the first quarter. Janus Henderson Group PLC now owns 37,795 shares of the company’s stock worth $249,000 after buying an additional 10,127 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Brookdale Senior Living by 408.7% during the first quarter. SG Americas Securities LLC now owns 252,801 shares of the company’s stock worth $1,663,000 after buying an additional 203,103 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on BKD shares. Zacks Investment Research raised shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research report on Tuesday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Brookdale Senior Living in a report on Tuesday, February 12th. Finally, Stifel Nicolaus set a $8.00 price objective on shares of Brookdale Senior Living and gave the stock a “hold” rating in a report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.00.

Brookdale Senior Living stock traded down $0.04 during mid-day trading on Thursday, reaching $6.93. The company’s stock had a trading volume of 11,764 shares, compared to its average volume of 2,185,200. The company has a market cap of $1.27 billion, a PE ratio of -3.50 and a beta of 1.64. The company has a debt-to-equity ratio of 5.92, a current ratio of 0.68 and a quick ratio of 0.68. Brookdale Senior Living, Inc. has a twelve month low of $5.98 and a twelve month high of $10.10.

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

In other Brookdale Senior Living news, Director James R. Seward acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was purchased at an average price of $7.14 per share, with a total value of $71,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lucinda M. Baier acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was acquired at an average cost of $7.04 per share, with a total value of $52,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 46,195 shares of company stock valued at $320,904. 1.20% of the stock is currently owned by corporate insiders.

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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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