Springbok Capital Management LLC Cuts Stake In Brookdale Senior Living Inc.
July 25, 2016
Springbok Capital Management LLC lowered its position in Brookdale Senior Living Inc. (NYSE:BKD) by 62.2% during the first quarter, Holdings Channel reports. The fund owned 18,700 shares of the company’s stock after selling 30,773 shares during the period. Springbok Capital Management LLC’s holdings in Brookdale Senior Living were worth $297,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the company. Rhumbline Advisers raised its stake in Brookdale Senior Living by 1.6% in the fourth quarter. Rhumbline Advisers now owns 130,364 shares of the company’s stock worth $2,407,000 after buying an additional 2,090 shares during the last quarter. Comerica Bank purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $2,866,000. BOKF NA raised its stake in Brookdale Senior Living by 94.2% in the fourth quarter. BOKF NA now owns 71,787 shares of the company’s stock worth $1,325,000 after buying an additional 34,821 shares in the last quarter. Deimos Asset Management LLC purchased a new stake in Brookdale Senior Living during the fourth quarter worth approximately $1,486,000. Finally, Bank of Montreal Can raised its stake in Brookdale Senior Living by 201.4% in the fourth quarter. Bank of Montreal Can now owns 125,357 shares of the company’s stock worth $2,314,000 after buying an additional 83,770 shares in the last quarter.
Brookdale Senior Living Inc. (NYSE:BKD) traded down 0.72% on Monday, hitting $17.93. 2,036,492 shares of the company were exchanged. Brookdale Senior Living Inc. has a 52 week low of $11.28 and a 52 week high of $33.34. The stock has a 50 day moving average of $16.52 and a 200 day moving average of $16.39. The company’s market capitalization is $3.33 billion.
Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Monday, May 9th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. During the same quarter in the previous year, the company posted ($0.71) EPS. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts predict that Brookdale Senior Living Inc. will post $2.47 EPS for the current fiscal year.
A number of research firms have recently commented on BKD. Zacks Investment Research lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Barclays PLC reduced their price objective on shares of Brookdale Senior Living from $28.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 1st. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Brookdale Senior Living in a research note on Sunday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Brookdale Senior Living presently has a consensus rating of “Buy” and an average target price of $25.50.
Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.