Canyon Capital Advisors Lowers stake in Brookdale Senior Living (BKD)

Brookdale Senior Living (BKD) : Canyon Capital Advisors reduced its stake in Brookdale Senior Living by 7.8% during the most recent quarter end. The investment management company now holds a total of 6,351,766 shares of Brookdale Senior Living which is valued at $78,507,828 after selling 537,044 shares in Brookdale Senior Living , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Brookdale Senior Living makes up approximately 3.41% of Canyon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group reduced its stake in BKD by selling 72,571 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 3,005,489 shares of BKD which is valued at $37,147,844. Brookdale Senior Living makes up approx 0.37% of Alyeska Investment Group’s portfolio.Teacher Retirement System Of Texas reduced its stake in BKD by selling 6,019 shares or 23.21% in the most recent quarter. The Hedge Fund company now holds 19,914 shares of BKD which is valued at $248,925.Bank Of Hawaii boosted its stake in BKD in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 12,250 shares of Brookdale Senior Living which is valued at $146,143. Brookdale Senior Living makes up approx 0.01% of Bank Of Hawaii’s portfolio.

Brookdale Senior Living closed down -0.04 points or -0.33% at $12.21 with 26,89,175 shares getting traded on Monday. Post opening the session at $12.27, the shares hit an intraday low of $12.18 and an intraday high of $12.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Brookdale Senior Living reported $-0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.11. The company had revenue of $1246.13 million for the quarter, compared to analysts expectations of $1259.03 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

Many Wall Street Analysts have commented on Brookdale Senior Living. Brookdale Senior Living was Downgraded by Jefferies to ” Hold” on Nov 11, 2016. Brookdale Senior Living was Downgraded by BofA/Merrill to ” Underperform” on Nov 2, 2016. Brookdale Senior Living was Downgraded by Wells Fargo to ” Market Perform” on Nov 2, 2016.

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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