First Eagle Investment Management LLC Increases Stake in Brookdale Senior Living

First Eagle Investment Management LLC has increased its ownership of shares in Brookdale Senior Living Inc. (NYSE:BKD) by 40.8% during the fourth quarter, as revealed in its latest filing with the Securities and Exchange Commission (SEC). Following this acquisition, the fund now holds a total of 1,640,886 shares of Brookdale's stock after adding an extra 475,268 shares during this period. The value of First Eagle’s stake in Brookdale Senior Living is approximately $8,254,000, representing about 0.82% of the company.

In addition to First Eagle, several other institutional investors have recently adjusted their positions in Brookdale Senior Living. For instance, R Squared Ltd entered a new investment in the company with a stake valued at $33,000 during the fourth quarter. Likewise, Illumine Investment Management LLC took a new position worth $101,000 at the same time. Other firms, such as Quest Partners LLC and Retirement Income Solutions Inc., also established new stakes during the third and fourth quarters, with investments of $104,000 and $114,000, respectively.

Aigen Investment Management LP has notably increased its position in Brookdale Senior Living by 69.5%. After purchasing an additional 10,647 shares in the third quarter, Aigen now owns a total of 25,960 shares of the company, valued at about $176,000.

Insights from Analysts

Several financial research firms have recently shared their views on BKD stock. Macquarie has reaffirmed an "outperform" rating for Brookdale Senior Living, setting a price target of $8.00 per share in a report released earlier this week. Additionally, Royal Bank of Canada has also maintained its "outperform" rating while issuing the same price target. In total, the stock has received mixed reviews, with two analysts rating it as a sell and three giving it a buy rating. According to reports from MarketBeat.com, Brookdale Senior Living currently holds an average rating of "Hold" along with a consensus price target of $7.50.

Brookdale Senior Living's Market Performance

On Friday, shares of Brookdale Senior Living (NYSE:BKD) opened at $6.08. The company has a current ratio of 0.88, a quick ratio of 0.88, and a notable debt-to-equity ratio of 20.05. Its market capitalization is approximately $1.22 billion, featuring a price-to-earnings ratio of -6.83 and a beta of 1.31. The stock has seen a fifty-day moving average of $5.17 and a two-hundred-day moving average of $5.72, with its 12-month stock price ranging from a low of $4.45 to a high of $8.12.

In its latest quarterly earnings report, released on February 18th, Brookdale Senior Living reported earnings per share (EPS) of ($0.37), which was below analysts' expectations of ($0.16) by ($0.21). The firm's revenue reached $780.95 million for the quarter, which fell short of analyst projections of $781.78 million. The company recorded a negative return on equity of 65.92% alongside a negative net margin of 6.46%. Analysts project that Brookdale Senior Living Inc. will post an EPS of -0.56 for the upcoming fiscal year.

Company Overview

Brokdale Senior Living Inc. specializes in owning, managing, and operating senior living communities across the United States. The company operates through three distinct segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living sector comprises communities designed primarily for middle to upper-income seniors, offering both independent and assisted living units.

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