Brookdale Senior Living Inc. (NYSE:BKD) is Highland Peak Capital LLC’s 6th Largest Position

Highland Peak Capital LLC boosted its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 16.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 799,186 shares of the company’s stock after purchasing an additional 112,567 shares during the quarter. Brookdale Senior Living comprises 1.9% of Highland Peak Capital LLC’s portfolio, making the stock its 6th largest position. Highland Peak Capital LLC’s holdings in Brookdale Senior Living were worth $5,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. nVerses Capital LLC bought a new stake in Brookdale Senior Living during the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Brookdale Senior Living in the 2nd quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in Brookdale Senior Living during the 2nd quarter valued at $52,000. Lazard Asset Management LLC increased its holdings in shares of Brookdale Senior Living by 25.0% in the 1st quarter. Lazard Asset Management LLC now owns 13,966 shares of the company’s stock worth $92,000 after purchasing an additional 2,790 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Brookdale Senior Living in the second quarter worth $100,000.

Brookdale Senior Living Stock Performance

BKD opened at $6.62 on Tuesday. The company’s 50 day moving average is $7.21 and its 200 day moving average is $6.85. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 11.21. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -8.60 and a beta of 1.31. Brookdale Senior Living Inc. has a 12-month low of $3.62 and a 12-month high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Brookdale Senior Living had a negative return on equity of 51.31% and a negative net margin of 6.75%. The business had revenue of $777.54 million for the quarter. During the same quarter in the previous year, the company earned ($0.15) EPS. On average, equities research analysts predict that Brookdale Senior Living Inc. will post -0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BKD shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a research note on Monday, August 12th. StockNews.com lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Macquarie assumed coverage on Brookdale Senior Living in a research note on Friday, June 28th. They issued an “outperform” rating and a $7.50 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living currently has a consensus rating of “Hold” and a consensus target price 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.