Investors Buy Large Volume of Brookdale Senior Living Put Options (NYSE:BKD)

Brookdale Senior Living Inc. (NYSE:BKD) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 6,000 put options on the stock. This represents an increase of 1,245% compared to the typical volume of 446 put options.

Wall Street Analysts Forecast Growth

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

Brookdale Senior Living Trading Down 2.2%

BKD traded down $0.34 during midday trading on Wednesday, hitting $15.09. The company’s stock had a trading volume of 1,094,082 shares, compared to its average volume of 4,456,247. The firm has a market cap of $3.60 billion, a P/E ratio of -17.54 and a beta of 0.58. The firm has a 50-day moving average price of $13.72 and a two-hundred day moving average price of $13.63. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share 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 company had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. On average, equities analysts expect that Brookdale Senior Living will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BKD. WCM Investment Management LLC purchased a new position in shares of Brookdale Senior Living in the 1st quarter valued at $171,681,000. Senator Investment Group LP acquired a new stake in Brookdale Senior Living in the 4th quarter valued at $36,786,000. Eversept Partners LP raised its position in Brookdale Senior Living by 851.8% in the first quarter. Eversept Partners LP now owns 3,568,555 shares of the company’s stock valued at $48,818,000 after purchasing an additional 3,193,626 shares during the period. Mason Capital Management LLC purchased a new position in Brookdale Senior Living in the third quarter valued at about $20,971,000. Finally, Wellington Management Group LLP lifted its stake in shares of 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 purchasing an additional 2,282,151 shares in 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.