Cubist Systematic Strategies LLC Acquires 23,102 Shares of Brookdale Senior Living, Inc. (BKD)

Cubist Systematic Strategies LLC lifted its holdings in shares of Brookdale Senior Living, Inc. (NYSE:BKD) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,893 shares of the company’s stock after buying an additional 23,102 shares during the period. Cubist Systematic Strategies LLC owned 0.07% of Brookdale Senior Living worth $1,440,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Highbridge Capital Management LLC grew its position in shares of Brookdale Senior Living by 301.2% during the 3rd quarter. Highbridge Capital Management LLC now owns 348,805 shares of the company’s stock valued at $3,697,000 after buying an additional 261,875 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at about $1,858,000. Royce & Associates LP grew its position in shares of Brookdale Senior Living by 4.8% during the 3rd quarter. Royce & Associates LP now owns 1,148,500 shares of the company’s stock valued at $12,174,000 after buying an additional 52,500 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at about $627,000. Finally, Adelante Capital Management LLC grew its position in shares of Brookdale Senior Living by 7.1% during the 3rd quarter. Adelante Capital Management LLC now owns 1,373,210 shares of the company’s stock valued at $14,556,000 after buying an additional 91,380 shares during the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Brookdale Senior Living, Inc. (BKD) traded down $0.14 during midday trading on Friday, reaching $9.61. 2,363,417 shares of the company’s stock traded hands, compared to its average volume of 2,910,000. Brookdale Senior Living, Inc. has a 1 year low of $8.78 and a 1 year high of $16.31. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 3.23.

Brookdale Senior Living (NYSE:BKD) last posted its earnings results on Monday, November 6th. The company reported ($2.22) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.97). Brookdale Senior Living had a negative return on equity of 0.79% and a negative net margin of 17.85%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted ($0.28) EPS. Brookdale Senior Living’s revenue for the quarter was down 5.9% on a year-over-year basis. equities analysts expect that Brookdale Senior Living, Inc. will post -2.78 earnings per share for the current year.

BKD has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Brookdale Senior Living from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Jefferies Group set a $14.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research report on Friday, October 20th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 target price on shares of Brookdale Senior Living in a research report on Friday, October 13th. Stephens set a $16.00 target price on shares of Brookdale Senior Living and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, ValuEngine cut shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.42.

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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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Institutional Ownership by Quarter for Brookdale Senior Living (NYSE:BKD)

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