The Vanguard Group, Inc. has recently announced that it has increased stake in Brookdale Senior Living Inc. (NYSE:BKD) by 0.67%. After grabbing 16.76 million shares, the institutional investor is now in possession of 0.11 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.98% having worth around $74.94 million. Moreover, BlackRock Fund Advisors increased its share by 0.39 million to have a control over 12.53 million shares. And BlackRock Advisors LLC raised its holdings to 2.06 million shares by acquiring 8.73 million shares or 4.67% of the stake.
Brookdale Senior Living Inc. (BKD) concluded trading on 11/17/22 at a closing price of $3.11, with 22.86 million shares of worth about $71.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -43.35% during that period and on Thursday the price saw a loss of about -5.47%. Currently the company’s common shares owned by public are about 186.79M shares, out of which, 181.90M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the BKD stock and their offered price forecasts bring an average price target of $5.96. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $4.75. The stock’s current price level is 47.82% above of average price target set by the analysts, while a rise to estimated low would result in gain of 34.53% for the stock. However, touching the estimated high of $7.00 would mean a gain of 55.57% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 1,040,120 shares in 15 of the transactions. In 17 selling transactions, insiders dumped 445,017 shares.
BlackRock Event Driven Equity Fun, BlackRock Strategic Fds. – Global, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Brookdale Senior Living Inc. BlackRock Event Driven Equity Fun is currently holding 7.75 million shares of worth totaling $34.62 million. The company recently came buying 0.0 shares which brought its stake up to 4.15% of the company’s outstanding shares. BlackRock Strategic Fds. – Global bought 0.28 million shares, after which its hold over company’s outstanding shares expand to 3.20%, leaving 5.97 million shares with the mutual fund that have a worth of about $26.7 million. Vanguard Total Stock Market Index, after buying 5.33 million shares, have now control over 2.85% of the stake in the company. It holds 0.0 shares of worth $23.82 million.
Brookdale Senior Living Inc. (NYSE: BKD) started trading at $3.20, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 3.2200, or with a loss of -5.47%. Stock saw a price change of -32.24% in past 5 days and over the past one month there was a price change of -33.55%. Year-to-date (YTD), BKD shares are showing a performance of -39.73% which decreased to -55.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.27 but also hit the highest price of $7.61 during that period. The average intraday trading volume for Brookdale Senior Living Inc. shares is 2.44 million. The stock is currently trading -30.05% below its 20-day simple moving average (SMA20), while that difference is down -32.49% for SMA50 and it goes to -42.62% lower than SMA200.
The Vanguard Group, Inc. acquired 16.76 million shares of Brookdale Senior Living Inc. having value of about $74.94 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $344488.48, or have control over 0.67% stake in the company. Holding of mutual funds in the company is about 43.83% while other institutional holders and individual stake holders have control over 57.25% and 30.10% of the stake respectively.
The stock has a current market capitalization of $546.43M and its 3Y-monthly beta is at 1.44. It has posted earnings per share of -$1.58 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 8.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKD, volatility over the week remained 11.86% while standing at 7.13% over the month.
Analysts are in expectations that Brookdale Senior Living Inc. (BKD) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.33 and it is -$1.25 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.19 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -220.70% while it is estimated to increase by 16.70% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 24.40% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Brookdale Senior Living Inc. (BKD)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 6 Wall Street analysts, 1 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on June 23, 2021 offering a Buy rating for the stock and assigned a target price of $9.80 to it. Coverage by Barclays stated Brookdale Senior Living Inc. (BKD) stock as an Overweight in their note to investors on June 11, 2021, suggesting a price target of $12 for the stock. On December 02, 2020, Jefferies Downgrade their recommendations, while on September 03, 2019, Barclays Initiated their ratings for the stock with a price target of $8. Stock get a Hold rating from Stifel on August 07, 2018.