Brookdale Senior Living Inc. (BKD) Shares Sold by Loews Corp

Loews Corp decreased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 31.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,635 shares of the company’s stock after selling 7,308 shares during the period. Loews Corp’s holdings in Brookdale Senior Living were worth $230,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brookdale Senior Living by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,943 shares of the company’s stock valued at $102,000 after buying an additional 761 shares in the last quarter. Opera Trading Capital acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $110,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Brookdale Senior Living in the 2nd quarter valued at $169,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $159,000. Finally, Thrivent Financial For Lutherans acquired a new position in shares of Brookdale Senior Living in the 1st quarter valued at $201,000. Institutional investors and hedge funds own 99.66% of the company’s stock.

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Brookdale Senior Living Inc. (NYSE:BKD) traded down 1.28% during mid-day trading on Friday, reaching $11.55. 1,978,254 shares of the company traded hands. The stock’s market capitalization is $2.15 billion. Brookdale Senior Living Inc. has a 52-week low of $10.65 and a 52-week high of $18.34. The firm’s 50-day moving average is $12.23 and its 200 day moving average is $13.32.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.79). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.14 billion. Brookdale Senior Living had a positive return on equity of 6.00% and a negative net margin of 10.14%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) EPS. On average, equities research analysts expect that Brookdale Senior Living Inc. will post $1.80 earnings per share for the current year.

Several research analysts have recently issued reports on BKD shares. BidaskClub cut shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.50 price target on shares of Brookdale Senior Living in a research report on Friday, July 14th. ValuEngine downgraded shares of Brookdale Senior Living from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, July 3rd. Finally, Stifel Nicolaus reduced their price target on shares of Brookdale Senior Living from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.50.

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

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