Akanthos Capital Management LLC grew its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 36.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Brookdale Senior Living comprises 6.4% of Akanthos Capital Management LLC’s portfolio, making the stock its 5th largest position. Akanthos Capital Management LLC owned 0.20% of Brookdale Senior Living worth $3,975,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of BKD. Teachers Advisors LLC raised its stake in Brookdale Senior Living by 9.4% in the first quarter. Teachers Advisors LLC now owns 819,434 shares of the company’s stock worth $11,005,000 after buying an additional 70,316 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in Brookdale Senior Living in the first quarter worth about $201,000. State Street Corp raised its stake in Brookdale Senior Living by 3.5% in the first quarter. State Street Corp now owns 2,569,439 shares of the company’s stock worth $34,502,000 after buying an additional 87,198 shares in the last quarter. Bank of Montreal Can raised its stake in Brookdale Senior Living by 29.5% in the second quarter. Bank of Montreal Can now owns 185,617 shares of the company’s stock worth $2,731,000 after buying an additional 42,332 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Brookdale Senior Living by 12.3% in the second quarter. Aperio Group LLC now owns 30,468 shares of the company’s stock worth $448,000 after buying an additional 3,335 shares in the last quarter.
Shares of Brookdale Senior Living Inc. (BKD) traded down $0.06 on Tuesday, reaching $10.36. 2,068,100 shares of the company’s stock were exchanged, compared to its average volume of 3,412,286. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.83 and a current ratio of 0.83. Brookdale Senior Living Inc. has a twelve month low of $8.78 and a twelve month high of $16.31.
A number of research firms recently issued reports on BKD. Stephens set a $16.00 price target on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada decreased their price target on shares of Brookdale Senior Living from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their price target on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Jefferies Group LLC set a $14.00 price target on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, ValuEngine downgraded shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, September 3rd. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.42.
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About Brookdale Senior Living
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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