North Run Capital Lp Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : North Run Capital Lp reduced its stake in Brookdale Senior Living by 2.99% during the most recent quarter end. The investment management company now holds a total of 4,875,000 shares of Brookdale Senior Living which is valued at $82,533,750 after selling 150,000 shares in Brookdale Senior Living , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Brookdale Senior Living makes up approximately 12.38% of North Run Capital Lp’s portfolio.

Other Hedge Funds, Including , Janus Capital Management added BKD to its portfolio by purchasing 10,860 company shares during the most recent quarter which is valued at $183,860. Engineers Gate Manager Lp sold out all of its stake in BKD during the most recent quarter. The investment firm sold 12,856 shares of BKD which is valued $217,652. Sg Americas Securities sold out all of its stake in BKD during the most recent quarter. The investment firm sold 66,777 shares of BKD which is valued $1,145,226.Rail-splitter Capital Management reduced its stake in BKD by selling 493,300 shares or 77.14% in the most recent quarter. The Hedge Fund company now holds 146,147 shares of BKD which is valued at $2,506,421. Brookdale Senior Living makes up approx 0.58% of Rail-splitter Capital Management’s portfolio.

Brookdale Senior Living opened for trading at $16.87 and hit $17.355 on the upside on Monday, eventually ending the session at $17.26, with a gain of 2.49% or 0.42 points. The heightened volatility saw the trading volume jump to 46,79,596 shares. Company has a market cap of $3,209 M.

On the company’s financial health, Brookdale Senior Living reported $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.12. The company had revenue of $1258.83 million for the quarter, compared to analysts expectations of $1260.26 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.46 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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