Brookdale Senior Living Inc. (NYSE:BKD) Sees Significant Decline in Short Interest

Brookdale Senior Living Inc. (NYSE:BKD) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 8,850,000 shares, a decrease of 8.4% from the November 15th total of 9,660,000 shares. Approximately 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 3.9 days.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Brookdale Senior Living in a report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $9.00 target price on shares of Brookdale Senior Living in a research note on Wednesday, October 9th. Bank of America downgraded Brookdale Senior Living from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $7.75 to $6.00 in a research note on Monday, October 7th. Finally, Macquarie reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Brookdale Senior Living has a consensus rating of “Hold” and an average target price of $7.75.

Brookdale Senior Living Price Performance

Brookdale Senior Living stock opened at $5.25 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 14.46. Brookdale Senior Living has a 1-year low of $5.08 and a 1-year high of $8.12. The company has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $6.56. The company has a market cap of $1.05 billion, a P/E ratio of -5.71 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). Brookdale Senior Living had a negative net margin of 6.75% and a negative return on equity of 59.06%. The company had revenue of $784.17 million during the quarter, compared to the consensus estimate of $785.61 million. During the same quarter in the previous year, the business earned ($0.22) EPS. Research analysts anticipate that Brookdale Senior Living will post -0.7 earnings per share for the current fiscal year.

Insider Activity at Brookdale Senior Living

In related news, Director Lee S. Wielansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the transaction, the director now directly owns 211,382 shares in the company, valued at approximately $1,187,966.84. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Brookdale Senior Living by 91.8% in the second quarter. SG Americas Securities LLC now owns 37,845 shares of the company’s stock valued at $258,000 after buying an additional 18,109 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Brookdale Senior Living in the 2nd quarter valued at about $8,513,000. Bank of New York Mellon Corp increased its stake in shares of Brookdale Senior Living by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,595 shares of the company’s stock worth $4,669,000 after purchasing an additional 45,738 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Brookdale Senior Living by 24.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,057,302 shares of the company’s stock valued at $7,221,000 after purchasing an additional 209,854 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in Brookdale Senior Living by 7.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 863,451 shares of the company’s stock valued at $5,897,000 after purchasing an additional 58,946 shares during the last quarter.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.