Canyon Capital Advisors buys $118,153,048 stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Canyon Capital Advisors scooped up 1,585,493 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 6,978,916 shares of Brookdale Senior Living which is valued at $118,153,048.Brookdale Senior Living makes up approximately 4.60% of Canyon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Capital World Investors boosted its stake in BKD in the latest quarter, The investment management firm added 2,785,639 additional shares and now holds a total of 15,145,639 shares of Brookdale Senior Living which is valued at $256,415,668. Brookdale Senior Living makes up approx 0.07% of Capital World Investors’s portfolio.Parametric Portfolio Associates boosted its stake in BKD in the latest quarter, The investment management firm added 43,423 additional shares and now holds a total of 183,344 shares of Brookdale Senior Living which is valued at $3,104,014.Alliancebernstein boosted its stake in BKD in the latest quarter, The investment management firm added 13,609 additional shares and now holds a total of 151,320 shares of Brookdale Senior Living which is valued at $2,561,848.New South Capital Management Inc reduced its stake in BKD by selling 299,624 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 5,198,158 shares of BKD which is valued at $88,004,815. Brookdale Senior Living makes up approx 2.10% of New South Capital Management Inc’s portfolio.Mercer Capital Advisers reduced its stake in BKD by selling 500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 500 shares of BKD which is valued at $9,030. Brookdale Senior Living makes up approx 0.01% of Mercer Capital Advisers’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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