Akanthos Capital Management Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Akanthos Capital Management reduced its stake in Brookdale Senior Living by 14.65% during the most recent quarter end. The investment management company now holds a total of 170,700 shares of Brookdale Senior Living which is valued at $3 Million after selling 29,300 shares in Brookdale Senior Living , the firm said in a disclosure report filed with the SEC on May 11, 2016.Brookdale Senior Living makes up approximately 11.01% of Akanthos Capital Management’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in BKD in the latest quarter, The investment management firm added 5,629 additional shares and now holds a total of 22,805 shares of Brookdale Senior Living which is valued at $395,895.Finemark National Bank Trust boosted its stake in BKD in the latest quarter, The investment management firm added 141 additional shares and now holds a total of 319 shares of Brookdale Senior Living which is valued at $5,538.Ftb Advisors boosted its stake in BKD in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 800 shares of Brookdale Senior Living which is valued at $13,888.Public Employees Retirement Association Of Colorado boosted its stake in BKD in the latest quarter, The investment management firm added 742 additional shares and now holds a total of 44,442 shares of Brookdale Senior Living which is valued at $820,399. Brookdale Senior Living makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

Brookdale Senior Living opened for trading at $17.46 and hit $17.85 on the upside on Monday, eventually ending the session at $17.77, with a gain of 2.36% or 0.41 points. The heightened volatility saw the trading volume jump to 21,22,926 shares. Company has a market cap of $3,302 M.

On the company’s financial health, Brookdale Senior Living reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.68 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1263.16 million for the quarter, compared to analysts expectations of $1253.41 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.71 EPS.

Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent assisted living and dementia-care communities and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services and Management Services. The Company’s Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Company’s Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Company’s CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health therapy and other ancillary services and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Company’s unconsolidated ventures.

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