Luxor Capital Group LP Purchases 1,779,492 Shares of Brookdale Senior Living Inc. $BKD

Luxor Capital Group LP boosted its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 154.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,929,492 shares of the company’s stock after acquiring an additional 1,779,492 shares during the quarter. Brookdale Senior Living comprises about 2.8% of Luxor Capital Group LP’s investment portfolio, making the stock its 8th biggest holding. Luxor Capital Group LP’s holdings in Brookdale Senior Living were worth $40,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BKD. Caitong International Asset Management Co. Ltd boosted its position in shares of Brookdale Senior Living by 44,583.3% during the 4th 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 in the last quarter. Larson Financial Group LLC bought a new stake in shares of Brookdale Senior Living in the 3rd quarter worth approximately $59,000. Strs Ohio acquired a new stake in Brookdale Senior Living during the first quarter valued at approximately $61,000. FNY Investment Advisers LLC acquired a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $62,000. Finally, KBC Group NV acquired a new stake in Brookdale Senior Living during the fourth quarter valued at approximately $84,000.

Brookdale Senior Living Trading Up 4.4%

NYSE BKD opened at $15.13 on Friday. The stock’s 50-day moving average price is $14.04 and its two-hundred day moving average price is $13.97. The company has a market cap of $3.61 billion, a PE ratio of -17.60 and a beta of 0.58. Brookdale Senior Living Inc. has a 1 year low of $6.99 and a 1 year high of $17.09.

Brookdale Senior Living (NYSE:BKD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) 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 firm had revenue of $764.86 million for the quarter, compared to analysts’ expectations of $771.16 million. Research analysts forecast that Brookdale Senior Living Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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