Akanthos Capital Management buys $4,232,500 stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Akanthos Capital Management scooped up 79,300 additional shares in Brookdale Senior Living during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 250,000 shares of Brookdale Senior Living which is valued at $4,232,500.Brookdale Senior Living makes up approximately 12.94% of Akanthos Capital Management’s portfolio.

Other Hedge Funds, Including , Glenview Capital Management reduced its stake in BKD by selling 1,511,000 shares or 8.33% in the most recent quarter. The Hedge Fund company now holds 16,630,415 shares of BKD which is valued at $281,552,926. Brookdale Senior Living makes up approx 1.99% of Glenview Capital Management’s portfolio.Blackrock Fund Advisors boosted its stake in BKD in the latest quarter, The investment management firm added 52,162 additional shares and now holds a total of 2,389,907 shares of Brookdale Senior Living which is valued at $40,461,126. Brookdale Senior Living makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Thompson Davis reduced its stake in BKD by selling 250 shares or 30.64% in the most recent quarter. The Hedge Fund company now holds 566 shares of BKD which is valued at $9,831. Brookdale Senior Living makes up approx 0.01% of Thompson Davis’s portfolio.First Washington Corp boosted its stake in BKD in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 275,750 shares of Brookdale Senior Living which is valued at $4,731,870. Brookdale Senior Living makes up approx 2.63% of First Washington Corp’s portfolio.Rail-splitter Capital Management reduced its stake in BKD by selling 493,300 shares or 77.14% in the most recent quarter. The Hedge Fund company now holds 146,147 shares of BKD which is valued at $2,506,421. Brookdale Senior Living makes up approx 0.58% of Rail-splitter Capital Management’s portfolio.

Brookdale Senior Living closed down -0.22 points or -1.28% at $16.99 with 35,01,423 shares getting traded on Thursday. Post opening the session at $17.2, the shares hit an intraday low of $16.715 and an intraday high of $17.24 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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