Pomelo Capital Exits Position in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Pomelo Capital has sold out all of its stake in Brookdale Senior Living during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 30,000 shares of Brookdale Senior Living which is valued at $370,800.

Other Hedge Funds, Including , North Run Capital Lp reduced its stake in BKD by selling 975,000 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 3,900,000 shares of BKD which is valued at $48,204,000. Brookdale Senior Living makes up approx 7.88% of North Run Capital Lp’s portfolio.Thompson Davis reduced its stake in BKD by selling 500 shares or 88.34% in the most recent quarter. The Hedge Fund company now holds 66 shares of BKD which is valued at $843. Quantbot Technologies Lp sold out all of its stake in BKD during the most recent quarter. The investment firm sold 16,186 shares of BKD which is valued $190,995.

Brookdale Senior Living closed down -0.04 points or -0.33% at $12.21 with 26,89,175 shares getting traded on Monday. Post opening the session at $12.27, the shares hit an intraday low of $12.18 and an intraday high of $12.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Brookdale Senior Living reported $-0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.11. The company had revenue of $1246.13 million for the quarter, compared to analysts expectations of $1259.03 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Brookdale Senior Living. Brookdale Senior Living was Downgraded by Jefferies to ” Hold” on Nov 11, 2016. Brookdale Senior Living was Downgraded by BofA/Merrill to ” Underperform” on Nov 2, 2016. Brookdale Senior Living was Downgraded by Wells Fargo to ” Market Perform” on Nov 2, 2016.

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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