Cortina Asset Management LLC increased its holdings in shares of Brookdale Senior Living, Inc. (NYSE:BKD) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,373,617 shares of the company’s stock after acquiring an additional 18,464 shares during the period. Cortina Asset Management LLC’s holdings in Brookdale Senior Living were worth $13,324,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC acquired a new stake in Brookdale Senior Living during the third quarter worth approximately $122,000. State of Alaska Department of Revenue acquired a new stake in Brookdale Senior Living during the fourth quarter worth approximately $148,000. Nine Chapters Capital Management LLC acquired a new stake in Brookdale Senior Living during the third quarter worth approximately $171,000. Cetera Advisor Networks LLC acquired a new stake in Brookdale Senior Living during the fourth quarter worth approximately $183,000. Finally, FDx Advisors Inc. acquired a new stake in Brookdale Senior Living during the third quarter worth approximately $184,000. 95.65% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on the company. Stephens set a $16.00 target price on Brookdale Senior Living and gave the stock a “buy” rating in a research note on Monday, November 20th. Stifel Nicolaus cut their price target on Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Zacks Investment Research upgraded Brookdale Senior Living from a “strong sell” rating to a “hold” rating in a report on Monday, December 18th. Royal Bank of Canada lowered Brookdale Senior Living from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Finally, Jefferies Group set a $9.00 price target on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.60.
Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brookdale Senior Living had a negative return on equity of 8.40% and a negative net margin of 12.04%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.45) EPS. equities analysts expect that Brookdale Senior Living, Inc. will post -0.88 EPS for the current year.
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Brookdale Senior Living Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
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