California State Teachers Retirement System Increases Position in Brookdale Senior Living Inc.
January 19, 2017
California State Teachers Retirement System boosted its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 404,367 shares of the company’s stock after buying an additional 3,600 shares during the period. California State Teachers Retirement System owned approximately 0.22% of Brookdale Senior Living worth $7,056,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BKD. Pax World Management LLC raised its position in shares of Brookdale Senior Living by 15.2% in the third quarter. Pax World Management LLC now owns 1,135,369 shares of the company’s stock valued at $19,812,000 after buying an additional 150,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Brookdale Senior Living by 23.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,159 shares of the company’s stock valued at $317,000 after buying an additional 3,465 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Brookdale Senior Living by 7.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,843,437 shares of the company’s stock valued at $84,518,000 after buying an additional 330,110 shares in the last quarter. BlackRock Group LTD raised its position in shares of Brookdale Senior Living by 1,096.0% in the third quarter. BlackRock Group LTD now owns 1,860,270 shares of the company’s stock valued at $32,462,000 after buying an additional 1,704,734 shares in the last quarter. Finally, Winslow Asset Management Inc. raised its position in shares of Brookdale Senior Living by 5.9% in the third quarter. Winslow Asset Management Inc. now owns 288,943 shares of the company’s stock valued at $5,042,000 after buying an additional 16,163 shares in the last quarter.
Shares of Brookdale Senior Living Inc. (NYSE:BKD) traded down 1.506% during mid-day trading on Thursday, hitting $16.025. The stock had a trading volume of 833,985 shares. Brookdale Senior Living Inc. has a 1-year low of $10.65 and a 1-year high of $19.42. The firm’s market capitalization is $2.98 billion. The stock’s 50-day moving average is $13.02 and its 200 day moving average is $15.27.
Several research analysts recently issued reports on BKD shares. Wells Fargo & Co. raised Brookdale Senior Living from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $15.00 to $19.50 in a research report on Thursday, January 12th. Bank of America Corp. lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $10.65 to $12.00 in a research report on Wednesday, November 2nd. Zacks Investment Research raised Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 4th. Jefferies Group lowered Brookdale Senior Living from a “buy” rating to a “hold” rating and lowered their target price for the stock from $29.00 to $14.00 in a research report on Friday, November 11th. Finally, TheStreet upgraded Brookdale Senior Living from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.65.
In related news, Director Frank M. Bumstead purchased 15,000 shares of Brookdale Senior Living stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $12.03 per share, for a total transaction of $180,450.00. Following the completion of the transaction, the director now directly owns 121,229 shares of the company’s stock, valued at $1,458,384.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.