Brookdale Senior Living Target of Unusually High Options Trading (BKD)

Brookdale Senior Living, Inc. (NYSE:BKD) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 1,289 call options on the company. This represents an increase of 2,013% compared to the typical volume of 61 call options.

In other Brookdale Senior Living news, Director Marcus E. Bromley acquired 6,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $7.85 per share, for a total transaction of $50,240.00. Following the completion of the acquisition, the director now owns 54,619 shares of the company’s stock, valued at approximately $428,759.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd lifted its position in Brookdale Senior Living by 265.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 15,509 shares of the company’s stock worth $141,000 after acquiring an additional 11,263 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Brookdale Senior Living during the 1st quarter worth $118,000. Element Capital Management LLC acquired a new position in Brookdale Senior Living during the 1st quarter worth $120,000. BNP Paribas Arbitrage SA lifted its position in Brookdale Senior Living by 127.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,102 shares of the company’s stock worth $165,000 after acquiring an additional 10,131 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Brookdale Senior Living during the 1st quarter worth $140,000.

Brookdale Senior Living stock opened at $8.89 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -11.40 and a beta of 1.67. The company has a debt-to-equity ratio of 4.93, a current ratio of 0.75 and a quick ratio of 0.75. Brookdale Senior Living has a fifty-two week low of $6.28 and a fifty-two week high of $11.09.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 6th. The company reported ($0.88) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.66). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Brookdale Senior Living had a negative return on equity of 13.56% and a negative net margin of 21.80%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) EPS. Equities analysts forecast that Brookdale Senior Living will post -1.03 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on BKD. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Monday, October 8th. JMP Securities upped their price objective on shares of Brookdale Senior Living from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded shares of Brookdale Senior Living from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Finally, Stifel Nicolaus decreased their price objective on shares of Brookdale Senior Living from $9.00 to $8.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.25.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs – Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

Recommended Story: Float

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.

Leave a Reply