Coe Capital Management buys $6.8 Million stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Coe Capital Management scooped up 195,974 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 12, 2016. The investment management firm now holds a total of 393,163 shares of Brookdale Senior Living which is valued at $6.8 Million.Brookdale Senior Living makes up approximately 2.19% of Coe Capital Management’s portfolio.

Other Hedge Funds, Including , West Family Investments boosted its stake in BKD in the latest quarter, The investment management firm added 75,000 additional shares and now holds a total of 810,940 shares of Brookdale Senior Living which is valued at $14.1 Million. Brookdale Senior Living makes up approx 2.74% of West Family Investments’s portfolio.Akanthos Capital Management reduced its stake in BKD by selling 29,300 shares or 14.65% in the most recent quarter. The Hedge Fund company now holds 170,700 shares of BKD which is valued at $3 Million. Brookdale Senior Living makes up approx 11.01% of Akanthos Capital Management’s portfolio.Thompson Davis boosted its stake in BKD in the latest quarter, The investment management firm added 796 additional shares and now holds a total of 816 shares of Brookdale Senior Living which is valued at $14,794. Brookdale Senior Living makes up approx 0.02% of Thompson Davis’s portfolio.Quantitative Investment Management boosted its stake in BKD in the latest quarter, The investment management firm added 120,900 additional shares and now holds a total of 149,900 shares of Brookdale Senior Living which is valued at $2.7 Million. Brookdale Senior Living makes up approx 0.13% of Quantitative Investment Management’s portfolio. Tarbox Group added BKD to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $775.

Brookdale Senior Living opened for trading at $17.7 and hit $18.15 on the upside on Friday, eventually ending the session at $18.03, with a gain of 1.92% or 0.34 points. The heightened volatility saw the trading volume jump to 23,86,605 shares. Company has a market cap of $3,350 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.

Leave a Reply

Brookdale Senior Living - Is it time to Sell?

Top Brokerage Firms are advising their investors on Brookdale Senior Living. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.