Investors Buy Large Volume of Brookdale Senior Living Put Options (BKD)

Brookdale Senior Living (NYSE:BKD) was the target of some unusual options trading activity on Monday. Stock investors acquired 1,071 put options on the stock. This represents an increase of 1,064% compared to the average volume of 92 put options.

BKD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Brookdale Senior Living from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Stephens restated a “buy” rating and issued a $12.00 price target on shares of Brookdale Senior Living in a research report on Tuesday, March 6th. Stifel Nicolaus lowered shares of Brookdale Senior Living from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $9.00 in a research report on Thursday, February 22nd. Royal Bank of Canada lowered shares of Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $13.00 to $8.00 in a research report on Tuesday, February 27th. Finally, Jefferies Group set a $9.00 price target on shares of Brookdale Senior Living and gave the company a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Brookdale Senior Living has a consensus rating of “Hold” and a consensus target price of $9.08.

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In other Brookdale Senior Living news, Director James R. Seward bought 5,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average cost of $6.68 per share, for a total transaction of $33,400.00. Following the transaction, the director now owns 102,451 shares in the company, valued at $684,372.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lucinda M. Baier bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $6.94 per share, for a total transaction of $104,100.00. Following the completion of the transaction, the insider now owns 382,934 shares in the company, valued at approximately $2,657,561.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 36,950 shares of company stock worth $256,401. 1.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. PEAK6 Investments L.P. bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $134,000. State of Alaska Department of Revenue bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $148,000. Two Sigma Securities LLC bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $155,000. Xact Kapitalforvaltning AB bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $181,000. Finally, Cetera Advisor Networks LLC bought a new position in shares of Brookdale Senior Living in the fourth quarter worth about $183,000. 99.38% of the stock is owned by institutional investors.

NYSE:BKD opened at $6.61 on Wednesday. The stock has a market capitalization of $1,259.37, a price-to-earnings ratio of -8.47 and a beta of 1.78. Brookdale Senior Living has a 12 month low of $6.28 and a 12 month high of $15.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.97.

Brookdale Senior Living (NYSE:BKD) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Brookdale Senior Living had a negative net margin of 12.04% and a negative return on equity of 8.40%. Brookdale Senior Living’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned ($1.45) earnings per share. research analysts predict that Brookdale Senior Living will post -0.91 earnings per share for the current fiscal year.

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Brookdale Senior Living Company Profile

Brookdale Senior Living Inc owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, CCRCs ? Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens.

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