Brookdale Senior Living (NYSE:BKD) Shares Gap Up on Insider Buying Activity

Brookdale Senior Living Inc. (NYSE:BKD)’s stock price gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $8.96, but opened at $9.27. Brookdale Senior Living shares last traded at $8.9340, with a volume of 1,148,620 shares changing hands.

Specifically, Director C Christian Winkle bought 40,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was bought at an average cost of $8.95 per share, with a total value of $358,000.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $358,000. The trade was a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a research note on Monday, August 24th. Barclays reduced their price objective on shares of Brookdale Senior Living from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stephens dropped their price objective on Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Zacks Research cut Brookdale Senior Living from a “strong-buy” rating to a “strong sell” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

Brookdale Senior Living Stock Performance

The firm has a market cap of $2.14 billion, a P/E ratio of -55.85 and a beta of 0.55. The stock’s 50 day simple moving average is $10.69 and its 200 day simple moving average is $13.19.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $712.07 million for the quarter, compared to analysts’ expectations of $721.26 million. Brookdale Senior Living had a negative net margin of 1.27% and a negative return on equity of 15,050.32%. As a group, analysts forecast that Brookdale Senior Living Inc. will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookdale Senior Living

Hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in shares of Brookdale Senior Living in the 1st quarter worth approximately $171,681,000. Eversept Partners LP boosted its position in Brookdale Senior Living by 851.8% in the 1st quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after buying an additional 3,193,626 shares during the period. Park West Asset Management LLC purchased a new stake in Brookdale Senior Living in the second quarter worth about $49,491,000. Deutsche Bank AG bought a new position in Brookdale Senior Living in the second quarter worth about $46,167,000. Finally, Sculptor Capital LP purchased a new position in Brookdale Senior Living during the 2nd quarter worth $28,640,000.

About Brookdale Senior Living

Brookdale Senior Living Inc. operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence. Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.