Brookdale Senior Living Inc. $BKD Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 34.8% in the 1st quarter, HoldingsChannel reports. The fund owned 196,231 shares of the company’s stock after selling 104,547 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Brookdale Senior Living were worth $2,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in Brookdale Senior Living by 44,583.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,681 shares of the company’s stock valued at $29,000 after purchasing an additional 2,675 shares during the period. Larson Financial Group LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter worth $59,000. Strs Ohio purchased a new position in shares of Brookdale Senior Living during the 1st quarter worth $61,000. FNY Investment Advisers LLC acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth about $62,000. Finally, KBC Group NV acquired a new stake in shares of Brookdale Senior Living during the 4th quarter worth about $84,000.

Brookdale Senior Living Trading Down 1.7%

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. Brookdale Senior Living Inc. has a 12-month low of $6.99 and a 12-month high of $17.09. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -16.47 and a beta of 0.58.

Brookdale Senior Living (NYSE:BKD) last released its earnings results 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). The firm had revenue of $764.86 million during the quarter, compared to analyst estimates of $771.16 million. Brookdale Senior Living had a negative net margin of 6.51% and a negative return on equity of 15,050.32%. On average, research analysts forecast that Brookdale Senior Living Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BKD shares. Weiss Ratings lowered shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report 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. Stephens assumed 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 target on the stock. Finally, Compass Point initiated coverage on shares of Brookdale Senior Living in a report on Monday, June 15th. They issued a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

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.