In August, there was a significant decrease in the number of short positions placed on shares of Brookdale Senior Living Inc. (NYSE: BKD). As of August 31st, 9,740,000 shares were borrowed, which signifies a decline of 9.9% from the previous day’s total of 9,740,000 borrowed shares to the current day’s total of 8,780,000. Short sales account for around 4.8% of the total shares outstanding in the corporation. The average number of shares traded daily was used to determine that the current short-interest ratio is 5.6 days.
On August 8th, the most recent quarterly earnings report for Brookdale Senior Living, traded on the NYSE under the symbol BKD, was made public. The quarterly earnings per share for the company came in at $0.45, which was $0.01, below the consensus expectation among market analysts, which was $0.44 for the quarter’s earnings per share. The profit margin and return on equity for Brookdale Senior Living were negative, coming in at -3.46 percent and 48.97 percent, respectively.
Neither figure was positive. In the prior year, the company incurred a loss equivalent to $0.45 per share during the same period. According to projections made by participants in the stock market, Brookdale Senior Living will incur a loss of $1.37 for each share of stock transacted during the current fiscal year. Over the past few months, several prominent investors have either raised the size of their holdings in BKD or reduced the size of their holdings in the company. BlackRock Inc. boosted the percentage of ownership it had in Brookdale Senior Living by 25.7% over the first three months of 2018. BlackRock Inc. has a total holdings value of $30,796,560 worth of the company’s stock following the purchase of an extra 6,299,168 shares of the company’s stock during the preceding quarter. In the final three months of 2018, Diameter Capital Partners L.P. saw a 1,151.7% increase in the size of its holdings in Brookdale Senior Living. Diameter Capital Partners L.P. now holds 5,301,641 shares of the company’s stock, with a market value of $27,356,000. It is due to purchasing an additional 4,878,084 shares during the period in question.
The Deerfield Management Company L.P. Series C boosted the proportion of Brookdale Senior Living in which it is invested by 59.7% during the year’s second quarter. Following the acquisition of an additional 3,213,461 shares during the period, the company now holds 8,592,461 shares of the company’s stock, which is presently valued at $39,010,000. This brings the total number of shares held by the fund to 8,592,461. Through the first three months of 2018, Glenview Capital Management LLC increased its holdings in Brookdale Senior Living by 23.3%, thanks to purchasing more shares. After purchasing an additional 2,374,631 shares throughout the relevant period, Glenview Capital Management LLC now holds 12,586,280 shares of the company’s stock. Based on the current market price, this gives the company a market value of $88,733,000. Conversant Capital LLC made a new investment in Brookdale Senior Living during the fourth quarter, and the total value of that investment was about $11,600,000. Institutional investors and hedge funds are the owners of most of the company’s shares, accounting for 99.63% of the total.
When trading began on Monday, the price of a share of BKD stock on the NYSE was $5.25. The simple moving average price of the company’s shares over the past 50 days is $4.76, while the average price for the last 200 days is $5.60. The cost of a one-month stay at Brookdale Senior Living ranged from a record low of $4.02 to a record high of $7.70 throughout the preceding year. The debt-to-equity ratio is calculated to be 7.89, the quick ratio is calculated to be 0.69, and the current ratio is also calculated to be 0.69. The company is estimated to be worth $980.62 million based on a beta of 1.53 and a price-to-earnings ratio of -9.72. These two metrics were used to assess the value of the company.
Several study analyst papers concerning BKD have been prepared up to this point in time. On Wednesday, August 17th, the ” hold ” rating that StockNews.com had previously given to Brookdale Senior Living was changed to a “sell” rating.
In a report on their study that was made public on July 25th, Barclays lowered their price goal for Brookdale Senior Living from $9.00 to $8.00. Additionally, the stock was given the rating of “overweight” by the brokerage company.
A company known as Brookdale Senior Living Inc. owns, manages, and runs the majority of assisted living communities for the elderly in the United States. These communities are designed for those who are 65 years of age or older. It comprises three distinct types of communities: retirement homes that provide continuous care, assisted living and memory care communities, and independent living communities (CCRCs). In the field of independent living, facilities that house assisted living apartments and flats within the same building are owned by the industry itself or rented out to independent living businesses. These enterprises target older people with incomes ranging from the middle to the upper class as their primary customer base.