Pomelo Capital Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Pomelo Capital reduced its stake in Brookdale Senior Living by 48.36% during the most recent quarter end. The investment management company now holds a total of 30,000 shares of Brookdale Senior Living which is valued at $507,900 after selling 28,100 shares in Brookdale Senior Living , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Brookdale Senior Living makes up approximately 0.58% of Pomelo Capital’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in BKD in the latest quarter, The investment management firm added 13,801 additional shares and now holds a total of 144,385 shares of Brookdale Senior Living which is valued at $2,444,438. Brookdale Senior Living makes up approx 0.01% of Rhumbline Advisers’s portfolio.Winslow Asset Management Inc boosted its stake in BKD in the latest quarter, The investment management firm added 14,605 additional shares and now holds a total of 272,780 shares of Brookdale Senior Living which is valued at $4,738,189. Brookdale Senior Living makes up approx 1.01% of Winslow Asset Management Inc’s portfolio.Teacher Retirement System Of Texas boosted its stake in BKD in the latest quarter, The investment management firm added 3,128 additional shares and now holds a total of 25,933 shares of Brookdale Senior Living which is valued at $450,456. Real Estate Management Services added BKD to its portfolio by purchasing 1,321,400 company shares during the most recent quarter which is valued at $23,613,418. Brookdale Senior Living makes up approx 3.92% of Real Estate Management Services’s portfolio.

Brookdale Senior Living opened for trading at $17.17 and hit $17.56 on the upside on Tuesday, eventually ending the session at $17.51, with a gain of 2.34% or 0.4 points. The heightened volatility saw the trading volume jump to 45,49,440 shares. Company has a market cap of $3,255 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *