North Tide Capital Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : North Tide Capital reduced its stake in Brookdale Senior Living by 40.91% during the most recent quarter end. The investment management company now holds a total of 3,250,000 shares of Brookdale Senior Living which is valued at $55,022,500 after selling 2,250,000 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 5.60% of North Tide Capital’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in BKD by selling 10,105 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 675,747 shares of BKD which is valued at $11,440,397. Brookdale Senior Living makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in BKD in the latest quarter, The investment management firm added 30,061 additional shares and now holds a total of 227,635 shares of Brookdale Senior Living which is valued at $3,906,217. Brookdale Senior Living makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio. Spot Trading L.l.c added BKD to its portfolio by purchasing 1,444 company shares during the most recent quarter which is valued at $24,765.

Brookdale Senior Living closed down -0.22 points or -1.28% at $16.99 with 35,01,423 shares getting traded on Thursday. Post opening the session at $17.2, the shares hit an intraday low of $16.715 and an intraday high of $17.24 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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