Insider Selling at Brookdale Senior Living Inc.

On December 5th, Lee S. Wielansky, a director at Brookdale Senior Living Inc. (NYSE:BKD), executed a transaction to sell 10,000 shares of the company's stock. The shares were sold at an average price of $5.62, resulting in a total transaction value of $56,200. Following this sale, Wielansky holds 211,382 shares, which are currently valued at approximately $1,187,966.84. This sale indicates a reduction of about 4.52% in his ownership of the stock. Details of the transaction have been filed with the Securities and Exchange Commission (SEC) and are accessible through their official website.

Recent Price Movement

On the trading day following the insider sale, Brookdale Senior Living's stock price dipped by $0.05 to close at $5.55. The trading volume for that day reached 1,633,277 shares, which is below the company's average volume of 2,029,392 shares. Over recent weeks, the stock has seen a 50-day moving average price of $5.93 and a 200-day moving average price of $6.63. Brookdale Senior Living has experienced a 12-month low of $5.08 and a high of $8.12. Currently, the company has a market capitalization of $1.11 billion, a P/E ratio of -5.98, and a beta of 1.29. Financial ratios indicate a quick ratio of 0.81, a current ratio of 0.81, and a debt-to-equity ratio of 14.46.

Financial Results and Analyst Ratings

Brookdale Senior Living recently disclosed its quarterly earnings on November 6th, reporting an earnings per share (EPS) of -$0.22. This performance fell short of analysts' expectations, which predicted an EPS of -$0.16. The company's revenue for the quarter was reported as $784.17 million, slightly below the anticipated $785.61 million. The company continues to face challenges with a negative return on equity of 59.06% and a negative net margin of 6.75%. For the current year, predictions estimate Brookdale Senior Living to have an EPS of -0.7.

Wall Street Recommendations

Several financial analysts have provided insights on Brookdale Senior Living's stock. Macquarie has reiterated an "outperform" rating with a price target of $8.00 in a report dated October 9th. Meanwhile, Bank of America has downgraded the stock from a "neutral" position to "underperform," adjusting the target price downwards from $7.75 to $6.00. Jefferies Financial Group launched coverage with a "buy" rating and a price target of $8.00 on October 16th. Royal Bank of Canada also reaffirmed its "outperform" rating with a target price of $9.00. Overall, the consensus rating for Brookdale Senior Living is "Hold," with an average price target set at $7.75.

Institutional Investments

In recent months, various hedge funds have adjusted their holdings in Brookdale Senior Living. For instance, Mackenzie Financial Corp increased its stake by 9.2% in the second quarter, now holding 31,971 shares worth $218,000 after acquiring an additional 2,697 shares. Diversified Trust Co grew its investments in the same period by 7.7%, reaching 42,567 shares valued at $291,000 after purchasing 3,056 additional shares. Principal Financial Group Inc. raised its position by 15.8%, owning now 24,845 shares worth $170,000 after increasing its stake by 3,390 shares. Other investors such as nVerses Capital LLC and Headlands Technologies LLC have also made new acquisitions in the second quarter.

Company Overview

Brookdale Senior Living Inc. is a provider of senior living solutions in the United States, operating across three main segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment focuses primarily on middle to upper-income seniors, offering various living options in community settings.

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