Teachers Retirement System of The State of Kentucky Invests $1.78 Million in Brookdale Senior Living Inc. (NYSE:BKD)

Teachers Retirement System of The State of Kentucky purchased a new stake in Brookdale Senior Living Inc. (NYSE:BKD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 261,487 shares of the company’s stock, valued at approximately $1,775,000. Teachers Retirement System of The State of Kentucky owned 0.13% of Brookdale Senior Living as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BKD. Adelante Capital Management LLC acquired a new position in Brookdale Senior Living in the third quarter valued at about $12,076,000. Hennessy Advisors Inc. bought a new position in shares of Brookdale Senior Living during the 2nd quarter valued at about $8,513,000. Rush Island Management LP grew its position in shares of Brookdale Senior Living by 31.9% in the 3rd quarter. Rush Island Management LP now owns 5,116,632 shares of the company’s stock valued at $34,742,000 after purchasing an additional 1,237,727 shares during the period. American Century Companies Inc. increased its stake in Brookdale Senior Living by 63.6% during the 2nd quarter. American Century Companies Inc. now owns 3,159,898 shares of the company’s stock worth $21,582,000 after purchasing an additional 1,228,473 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Brookdale Senior Living by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 7,826,807 shares of the company’s stock worth $53,144,000 after buying an additional 799,744 shares during the period.

Brookdale Senior Living Trading Down 0.4 %

Shares of NYSE:BKD opened at $5.25 on Tuesday. The company’s 50-day moving average price is $5.79 and its two-hundred day moving average price is $6.56. Brookdale Senior Living Inc. has a one year low of $5.08 and a one year high of $8.12. The company has a debt-to-equity ratio of 14.46, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $1.05 billion, a PE ratio of -5.71 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BKD shares. Jefferies Financial Group started coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They set a “buy” rating and a $8.00 price objective for the company. Bank of America cut Brookdale Senior Living from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and issued a $9.00 price target on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Finally, Macquarie reiterated an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.75.

Insider Activity

In other Brookdale Senior Living news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total value of $56,200.00. Following the completion of the sale, the director now owns 211,382 shares in the company, valued at $1,187,966.84. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

About Brookdale Senior Living

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.