Eversept Partners LP Has $48.82 Million Stock Position in Brookdale Senior Living Inc. $BKD

Eversept Partners LP raised its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 851.8% in the 1st quarter, Holdings Channel reports. The firm owned 3,568,555 shares of the company’s stock after purchasing an additional 3,193,626 shares during the quarter. Brookdale Senior Living accounts for 2.6% of Eversept Partners LP’s holdings, making the stock its 9th biggest holding. Eversept Partners LP’s holdings in Brookdale Senior Living were worth $48,818,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BKD. WCM Investment Management LLC bought a new position in shares of Brookdale Senior Living in the first quarter worth about $171,681,000. Wellington Management Group LLP boosted its position in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after buying an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. boosted its position in Brookdale Senior Living by 34.9% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after buying an additional 2,199,000 shares during the period. Renaissance Technologies LLC grew its stake in Brookdale Senior Living by 20.4% in the 1st quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after acquiring an additional 1,300,100 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock worth $45,293,000 after acquiring an additional 238,042 shares in the last quarter.

Wall Street Analyst Weigh In

BKD has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point began coverage on Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Stephens started coverage on Brookdale Senior Living in a research report on Thursday, April 9th. They set an “overweight” rating and a $18.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

Brookdale Senior Living Price Performance

Shares of Brookdale Senior Living stock opened at $15.46 on Tuesday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -17.98 and a beta of 0.58. The firm’s 50-day moving average is $14.08 and its two-hundred day moving average is $14.02. Brookdale Senior Living Inc. has a 1 year low of $6.99 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. The business had revenue of $764.86 million during the quarter, compared to the consensus estimate of $771.16 million. On average, equities analysts expect that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Brookdale Senior Living Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.