The Vanguard Group, Inc. has recently announced that it has increased stake in Brookdale Senior Living Inc (NYSE:BKD) by 0.70%. After grabbing 17.6 million shares, the institutional investor is now in possession of 0.12 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.35% having worth around $93.3 million. Moreover, Flat Footed LLC increased its share by 3.87 million to have a control over 13.89 million shares. And BlackRock Fund Advisors raised its holdings to 0.47 million shares by acquiring 12.11 million shares or 6.43% of the stake.
Brookdale Senior Living Inc (BKD) concluded trading on 12/27/23 at a closing price of $6.05, with 3.54 million shares of worth about $21.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.78% during that period and on Wednesday the price saw a gain of about 5.58%. Currently the company’s common shares owned by public are about 187.25M shares, out of which, 168.95M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the BKD stock and their offered price forecasts bring an average price target of $5.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $2.00. The stock’s current price level is -6.7% below of average price target set by the analysts, while a dip to estimated low would result in loss of -202.5% for the stock. However, touching the estimated high of $9.00 would mean a gain of 32.78% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 1,879,324 shares in 26 of the transactions. In 17 selling transactions, insiders dumped 621,194 shares.
Vanguard Total Stock Market ETF, BlackRock Event Driven Equity Fun, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Brookdale Senior Living Inc Vanguard Total Stock Market ETF is currently holding 5.61 million shares of worth totaling $29.72 million. The company recently came buying 3417.0 shares which brought its stake up to 2.98% of the company’s outstanding shares. BlackRock Event Driven Equity Fun sold -1.27 million shares, after which its hold over company’s outstanding shares shrunk to 2.87%, leaving 5.4 million shares with the mutual fund that have a worth of about $28.62 million. Vanguard Small Cap Index Fund, after buying 4.65 million shares, have now control over 2.47% of the stake in the company. It holds 52566.0 shares of worth $24.63 million.
Brookdale Senior Living Inc (NYSE: BKD) started trading at $5.85, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 6.11, or with a gain of 5.58%. Stock saw a price change of 5.58% in past 5 days and over the past one month there was a price change of 15.90%. Year-to-date (YTD), BKD shares are showing a performance of 121.61% which increased to 123.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.27 but also hit the highest price of $6.07 during that period. The average intraday trading volume for Brookdale Senior Living Inc shares is 1.85 million. The stock is currently trading 10.37% above its 20-day simple moving average (SMA20), while that difference is up 26.51% for SMA50 and it goes to 49.27% higher than SMA200.
The Vanguard Group, Inc. acquired 17.6 million shares of Brookdale Senior Living Inc having value of about $93.3 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.12 million shares in the company valued at close to $740223.55, or have control over 0.70% stake in the company. Brookdale Senior Living Inc (NYSE: BKD) currently have 187.25M outstanding shares and institutions hold larger chunk of about 99.88% of that. Holding of mutual funds in the company is about 41.02% while other institutional holders and individual stake holders have control over 58.88% and 30.61% of the stake respectively.
The stock has a current market capitalization of $1.14B and its 3Y-monthly beta is at 1.34. It has posted earnings per share of -$0.56 in the same period. It has a debt-to-equity ratio of 9.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BKD, volatility over the week remained 3.18% while standing at 3.57% over the month.
Analysts are in expectations that Brookdale Senior Living Inc (BKD) stock would likely to be making an EPS of -$0.21 in the current quarter, while forecast for next quarter EPS is -$0.15 and it is -$0.6 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.24 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 48.00% while it is estimated to increase by 7.69% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 16.42% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the Brookdale Senior Living Inc (BKD)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 3 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on December 15, 2023 offering a Neutral rating for the stock and assigned a target price range of between $3.95 and $6 to it.
