Cobalt Capital Management Inc. Makes New Investment in Brookdale Senior Living Inc. $BKD

Cobalt Capital Management Inc. acquired a new position in shares of Brookdale Senior Living Inc. (NYSE:BKD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $432,000. Brookdale Senior Living comprises about 0.2% of Cobalt Capital Management Inc.’s holdings, making the stock its 25th biggest holding.

Several other large investors have also recently added to or reduced their stakes in BKD. Senator Investment Group LP bought a new stake in Brookdale Senior Living during the fourth quarter worth about $36,786,000. Mason Capital Management LLC bought a new stake in Brookdale Senior Living during the third quarter worth about $20,971,000. Wellington Management Group LLP grew its stake in Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after buying an additional 2,282,151 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake in Brookdale Senior Living by 34.9% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after buying an additional 2,199,000 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Brookdale Senior Living by 124.0% during the third quarter. Millennium Management LLC now owns 2,477,684 shares of the company’s stock worth $20,986,000 after buying an additional 1,371,606 shares during the last quarter.

Brookdale Senior Living Stock Performance

Shares of BKD stock opened at $13.63 on Thursday. Brookdale Senior Living Inc. has a 52-week low of $6.65 and a 52-week high of $17.09. The stock has a market cap of $3.25 billion, a PE ratio of -15.85 and a beta of 0.63. The firm’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $13.19.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data 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). 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. As a group, sell-side analysts predict that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BKD shares. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Compass Point started coverage on shares of Brookdale Senior Living in a research note on Monday. They set a “buy” rating and a $22.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookdale Senior Living in a research note on Friday, February 20th. Stephens started coverage on shares of Brookdale Senior Living in a research note on Thursday, April 9th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, Weiss Ratings cut shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

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.