Continental Advisors Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Continental Advisors reduced its stake in Brookdale Senior Living by 13.66% during the most recent quarter end. The investment management company now holds a total of 218,099 shares of Brookdale Senior Living which is valued at $3,692,416 after selling 34,500 shares in Brookdale Senior Living , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Brookdale Senior Living makes up approximately 1.54% of Continental Advisors’s portfolio.

Other Hedge Funds, Including , Prosiris Capital Management Lp sold out all of its stake in BKD during the most recent quarter. The investment firm sold 146,595 shares of BKD which is valued $2,481,853.Tiaa Cref Investment Management reduced its stake in BKD by selling 11,629 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 481,191 shares of BKD which is valued at $8,146,564. Brookdale Senior Living makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Mirae Asset Global Investments Ltd. sold out all of its stake in BKD during the most recent quarter. The investment firm sold 45,400 shares of BKD which is valued $768,622.Findlay Park Partners Llp reduced its stake in BKD by selling 450,000 shares or 39.13% in the most recent quarter. The Hedge Fund company now holds 700,000 shares of BKD which is valued at $11,851,000. Brookdale Senior Living makes up approx 0.13% of Findlay Park Partners Llp’s portfolio.Oppenheimer Co Inc boosted its stake in BKD in the latest quarter, The investment management firm added 10,422 additional shares and now holds a total of 46,269 shares of Brookdale Senior Living which is valued at $782,409. Brookdale Senior Living makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.

Brookdale Senior Living opened for trading at $17.56 and hit $17.85 on the upside on Wednesday, eventually ending the session at $17.72, with a gain of 0.85% or 0.15 points. The heightened volatility saw the trading volume jump to 1,812,987 shares. Company has a market cap of $3,294 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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