The Brookdale Senior Living Inc. (BKD) Shares Sold by Manning & Napier Advisors LLC

The Brookdale Senior Living Inc. (BKD) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its position in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 7.7% during the third quarter, Holdings Channel reports. The fund owned 136,170 shares of the company’s stock after selling 11,350 shares during the period. Manning & Napier Advisors LLC’s holdings in Brookdale Senior Living were worth $2,375,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. IBM Retirement Fund raised its position in shares of Brookdale Senior Living by 1.0% in the second quarter. IBM Retirement Fund now owns 18,599 shares of the company’s stock worth $287,000 after buying an additional 187 shares during the period. Brant Point Investment Management LLC raised its position in Brookdale Senior Living by 1.2% in the second quarter. Brant Point Investment Management LLC now owns 42,700 shares of the company’s stock valued at $659,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank raised its position in Brookdale Senior Living by 3.5% in the second quarter. Amalgamated Bank now owns 22,260 shares of the company’s stock valued at $376,000 after buying an additional 749 shares during the last quarter. First Washington CORP raised its position in Brookdale Senior Living by 0.4% in the second quarter. First Washington CORP now owns 275,750 shares of the company’s stock valued at $4,258,000 after buying an additional 1,200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Brookdale Senior Living by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 466,255 shares of the company’s stock valued at $7,199,000 after buying an additional 1,479 shares during the last quarter.

Brookdale Senior Living Inc. (NYSE:BKD) traded down 1.91% during mid-day trading on Thursday, reaching $15.96. 3,946,694 shares of the company traded hands. Brookdale Senior Living Inc. has a 12-month low of $10.65 and a 12-month high of $19.42. The company’s 50-day moving average is $13.02 and its 200-day moving average is $15.27. The stock’s market capitalization is $2.97 billion.

Several research firms have issued reports on BKD. RBC Capital Markets lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and lowered their price target for the stock from $25.00 to $16.00 in a report on Wednesday, November 2nd. Wells Fargo & Co. lowered shares of Brookdale Senior Living from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. TheStreet lowered shares of Brookdale Senior Living from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Royal Bank Of Canada lowered shares of Brookdale Senior Living from a “top pick” rating to an “outperform” rating and lowered their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, November 2nd. Finally, Stifel Nicolaus upgraded shares of Brookdale Senior Living from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.65.

In other news, Director Frank M. Bumstead acquired 15,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $12.03 per share, for a total transaction of $180,450.00. Following the completion of the acquisition, the director now owns 121,229 shares in the company, valued at $1,458,384.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

About Brookdale Senior Living

Brookdale Senior Living Inc is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors.

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