Brookdale Senior Living Sees Unusually High Options Volume (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of some unusual options trading on Tuesday. Investors purchased 9,012 call options on the company. This is an increase of 1,427% compared to the typical volume of 590 call options.

Brookdale Senior Living Stock Performance

NYSE BKD traded down $0.30 on Tuesday, reaching $14.10. The stock had a trading volume of 2,284,779 shares, compared to its average volume of 4,528,913. The stock has a market cap of $3.37 billion, a P/E ratio of -16.39 and a beta of 0.58. Brookdale Senior Living has a 12-month low of $6.99 and a 12-month high of $17.09. The business’s 50-day moving average price is $13.77 and its 200 day moving average price is $13.74.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKD. Compass Point began coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings lowered 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 shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Stephens initiated coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They issued an “overweight” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its stake in Brookdale Senior Living by 7.1% in the second quarter. Osaic Holdings Inc. now owns 20,177 shares of the company’s stock valued at $140,000 after purchasing an additional 1,331 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Brookdale Senior Living by 1.3% in the first quarter. The Manufacturers Life Insurance Company now owns 109,632 shares of the company’s stock valued at $1,500,000 after buying an additional 1,436 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Brookdale Senior Living by 4.5% during the first quarter. Quantinno Capital Management LP now owns 48,383 shares of the company’s stock worth $662,000 after buying an additional 2,095 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Brookdale Senior Living by 5.9% during the first quarter. Pictet Asset Management Holding SA now owns 38,801 shares of the company’s stock worth $531,000 after buying an additional 2,160 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Brookdale Senior Living by 44,583.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock worth $29,000 after buying an additional 2,675 shares during the last quarter.

About Brookdale Senior Living

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.