Obermeyer Wood Investment Counsel Lllp buys $64.5 Million stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Obermeyer Wood Investment Counsel Lllp scooped up 1,448,197 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 11, 2016. The investment management firm now holds a total of 3,715,849 shares of Brookdale Senior Living which is valued at $64.5 Million.Brookdale Senior Living makes up approximately 5.34% of Obermeyer Wood Investment Counsel Lllp’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in BKD during the most recent quarter. The investment firm sold 38,050 shares of BKD which is valued $660,548. Allegis Investment Advisors sold out all of its stake in BKD during the most recent quarter. The investment firm sold 240 shares of BKD which is valued $4,166. Princeton Alpha Management Lp sold out all of its stake in BKD during the most recent quarter. The investment firm sold 45,173 shares of BKD which is valued $818,986.

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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