Brookdale Senior Living, Inc. (NYSE:BKD) was the recipient of some unusual options trading on Monday. Stock traders acquired 3,961 put options on the company. This represents an increase of 2,558% compared to the average daily volume of 149 put options.
A number of research firms have recently weighed in on BKD. Zacks Investment Research downgraded Brookdale Senior Living from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Stephens reissued a “buy” rating and set a $12.00 price target on shares of Brookdale Senior Living in a report on Tuesday, March 6th. Stifel Nicolaus cut Brookdale Senior Living from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $9.00 in a report on Thursday, February 22nd. Jefferies Group set a $9.00 price target on Brookdale Senior Living and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada cut Brookdale Senior Living from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $13.00 to $8.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Brookdale Senior Living currently has an average rating of “Hold” and a consensus target price of $10.80.
Brookdale Senior Living (BKD) traded up $0.01 during trading on Wednesday, hitting $7.36. The stock had a trading volume of 1,477,853 shares, compared to its average volume of 4,160,000. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.82 and a quick ratio of 0.82. Brookdale Senior Living has a 12 month low of $6.39 and a 12 month high of $15.66. The firm has a market cap of $1,370.00, a PE ratio of -2.00 and a beta of 1.86.
In related news, insider Lucinda M. Baier bought 15,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $6.94 per share, for a total transaction of $104,100.00. Following the transaction, the insider now owns 382,934 shares in the company, valued at approximately $2,657,561.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Marcus E. Bromley bought 6,950 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of $7.18 per share, with a total value of $49,901.00. Following the completion of the transaction, the director now owns 28,359 shares in the company, valued at approximately $203,617.62. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 36,950 shares of company stock valued at $256,401. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BKD. Ameriprise Financial Inc. acquired a new position in Brookdale Senior Living in the 2nd quarter worth about $1,900,000. Northern Trust Corp increased its holdings in Brookdale Senior Living by 19.1% in the 2nd quarter. Northern Trust Corp now owns 1,026,439 shares of the company’s stock worth $15,100,000 after purchasing an additional 164,898 shares in the last quarter. FMR LLC increased its holdings in Brookdale Senior Living by 27.0% in the 2nd quarter. FMR LLC now owns 1,145,500 shares of the company’s stock worth $16,851,000 after purchasing an additional 243,700 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Brookdale Senior Living by 41.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 364,280 shares of the company’s stock worth $5,359,000 after purchasing an additional 105,938 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Brookdale Senior Living in the 2nd quarter worth about $314,000.
COPYRIGHT VIOLATION NOTICE: This news story was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/03/14/investors-purchase-high-volume-of-put-options-on-brookdale-senior-living-bkd.html.
Brookdale Senior Living Company Profile
Brookdale Senior Living Inc operates senior living communities in the United States. The Company operates independent living, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). It operates through five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services and Management Services.
Receive News & Ratings for Brookdale Senior Living Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookdale Senior Living and related companies with MarketBeat.com's FREE daily email newsletter.