Camber Capital Management buys $86.8 Million stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Camber Capital Management scooped up 2,750,000 additional shares in Brookdale Senior Living during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 5,000,000 shares of Brookdale Senior Living which is valued at $86.8 Million.Brookdale Senior Living makes up approximately 5.30% of Camber Capital Management’s portfolio.

Other Hedge Funds, Including , Laurion Capital Management Lp reduced its stake in BKD by selling 87,378 shares or 34.02% in the most recent quarter. The Hedge Fund company now holds 169,485 shares of BKD which is valued at $2.9 Million. Brookdale Senior Living makes up approx 0.27% of Laurion Capital Management Lp’s portfolio.Pax World Management boosted its stake in BKD in the latest quarter, The investment management firm added 90,815 additional shares and now holds a total of 955,814 shares of Brookdale Senior Living which is valued at $16.6 Million. Brookdale Senior Living makes up approx 0.90% of Pax World Management’s portfolio. Penserra Capital Management sold out all of its stake in BKD during the most recent quarter. The investment firm sold 172 shares of BKD which is valued $2,986.

Brookdale Senior Living opened for trading at $18.48 and hit $18.94 on the upside on Wednesday, eventually ending the session at $18.74, with a gain of 1.90% or 0.35 points. The heightened volatility saw the trading volume jump to 64,29,341 shares. Company has a market cap of $3,482 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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