Freestone Grove Partners LP Buys Shares of 12,858 Brookdale Senior Living Inc. (NYSE:BKD)

Freestone Grove Partners LP purchased a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,858 shares of the company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Brookdale Senior Living during the 4th quarter worth about $33,000. Cibc World Markets Corp acquired a new stake in shares of Brookdale Senior Living during the fourth quarter worth about $90,000. Illumine Investment Management LLC purchased a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $101,000. Optimize Financial Inc acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $113,000. Finally, Retirement Income Solutions Inc acquired a new position in shares of Brookdale Senior Living in the fourth quarter valued at approximately $114,000.

Brookdale Senior Living Stock Up 0.7 %

Brookdale Senior Living stock opened at $6.62 on Tuesday. The stock has a market cap of $1.33 billion, a PE ratio of -7.44 and a beta of 0.83. The company has a debt-to-equity ratio of 20.05, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average is $6.00 and its two-hundred day moving average is $5.57. Brookdale Senior Living Inc. has a 1-year low of $4.45 and a 1-year high of $8.12.

Brookdale Senior Living (NYSE:BKD) last issued its earnings results on Tuesday, February 18th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The business had revenue of $780.95 million for the quarter, compared to analyst estimates of $781.78 million. Brookdale Senior Living had a negative return on equity of 65.92% and a negative net margin of 6.46%. On average, sell-side analysts expect that Brookdale Senior Living Inc. will post -0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Brookdale Senior Living in a research report on Thursday, April 10th. Macquarie reissued an “outperform” rating and set a $8.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, March 12th. Finally, Barclays increased their price target on Brookdale Senior Living from $7.00 to $7.50 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.