Brookdale Senior Living Target of Unusually Large Options Trading (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the target of some unusual options trading on Tuesday. Stock traders purchased 9,012 call options on the stock. This is an increase of 1,427% compared to the average volume of 590 call options.

Analyst Upgrades and Downgrades

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

Brookdale Senior Living Stock Down 1.7%

NYSE BKD opened at $14.16 on Wednesday. The stock’s 50-day moving average price is $13.77 and its 200-day moving average price is $13.77. The company has a market capitalization of $3.38 billion, a P/E ratio of -16.47 and a beta of 0.58. Brookdale Senior Living has a 52 week low of $6.99 and a 52 week high of $17.09.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in Brookdale Senior Living during the first quarter valued at about $171,681,000. Wellington Management Group LLP raised its stake in Brookdale Senior Living by 24.5% during the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings 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 worth $91,683,000 after purchasing an additional 2,199,000 shares in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 1,300,100 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Brookdale Senior Living by 3.8% during the second quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after buying an additional 238,042 shares during the last quarter.

Brookdale Senior Living Company 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.