Brookdale Senior Living Inc. (NYSE:BKD) Short Interest Up 9.0% in March

Brookdale Senior Living Inc. (NYSE:BKDGet Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 18,970,000 shares, a growth of 9.0% from the February 29th total of 17,400,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is currently 10.4 days. Currently, 11.3% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Brookdale Senior Living from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Bank of America upgraded shares of Brookdale Senior Living from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $3.95 to $6.00 in a research report on Friday, December 15th.

Read Our Latest Report on BKD

Institutional Investors Weigh In On Brookdale Senior Living

Several hedge funds and other institutional investors have recently modified their holdings of BKD. BlackRock Inc. raised its holdings in shares of Brookdale Senior Living by 25.7% in the first quarter. BlackRock Inc. now owns 30,796,560 shares of the company’s stock worth $217,115,000 after buying an additional 6,299,168 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Brookdale Senior Living in the fourth quarter worth approximately $28,961,000. Point72 Asset Management L.P. raised its holdings in shares of Brookdale Senior Living by 339,360,800.0% in the second quarter. Point72 Asset Management L.P. now owns 3,393,609 shares of the company’s stock worth $14,321,000 after buying an additional 3,393,608 shares during the period. Norges Bank bought a new position in Brookdale Senior Living in the fourth quarter worth approximately $8,858,000. Finally, Millennium Management LLC grew its stake in Brookdale Senior Living by 157.1% in the fourth quarter. Millennium Management LLC now owns 4,200,275 shares of the company’s stock worth $11,467,000 after purchasing an additional 2,566,441 shares in the last quarter.

Brookdale Senior Living Price Performance

Shares of BKD stock traded up $0.22 on Wednesday, hitting $6.74. 419,612 shares of the stock traded hands, compared to its average volume of 1,847,492. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -7.99 and a beta of 1.32. Brookdale Senior Living has a 52 week low of $2.80 and a 52 week high of $6.82. The firm has a 50 day simple moving average of $5.93 and a two-hundred day simple moving average of $5.22. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.80 and a quick ratio of 0.80.

Brookdale Senior Living (NYSE:BKDGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.21). Brookdale Senior Living had a negative return on equity of 44.01% and a negative net margin of 6.27%. The business had revenue of $754.48 million during the quarter. As a group, equities research analysts predict that Brookdale Senior Living will post -0.66 earnings per share for the current fiscal year.

About Brookdale Senior Living

(Get Free Report)

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.

Read More

Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.