Is Brookdale Senior Living, Inc. (NYSE:BKD) a buy, sell, or hold? Investors who are in the know are taking an optimistic view. The number of long hedge fund bets advanced by 2 in recent months.
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Keeping this in mind, it’s important to take a look at the key action regarding Brookdale Senior Living, Inc. (NYSE:BKD).
Hedge fund activity in Brookdale Senior Living, Inc. (NYSE:BKD)
At Q1’s end, a total of 37 of the hedge funds we track were bullish in this stock, a change of 6% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their holdings meaningfully.
According to our comprehensive database, Michael Novogratz’s Fortress Investment Group had the most valuable position in Brookdale Senior Living, Inc. (NYSE:BKD), worth close to $490.5 million, accounting for 8.4% of its total 13F portfolio. Sitting at the No. 2 spot is Donald Chiboucis of Columbus Circle Investors, with a $58.4 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include James Dinan’s York Capital Management, John Bader’s Halcyon Asset Management and Daniel S. Och’s OZ Management.
Now, key hedge funds have been driving this bullishness. Forward Management, managed by J. Alan Reid, Jr., initiated the largest position in Brookdale Senior Living, Inc. (NYSE:BKD). Forward Management had 14.8 million invested in the company at the end of the quarter. Sanford J. Colen’s Apex Capital also made a $12.5 million investment in the stock during the quarter. The other funds with brand new BKD positions are Jeremy Green’s Redmile Group, Paul Tudor Jones’s Tudor Investment Corp, and Louis Bacon’s Moore Global Investments.
What have insiders been doing with Brookdale Senior Living, Inc. (NYSE:BKD)?
Bullish insider trading is most useful when the company in focus has experienced transactions within the past 180 days. Over the last 180-day time frame, Brookdale Senior Living, Inc. (NYSE:BKD) has seen zero unique insiders purchasing, and 11 insider sales (see the details of insider trades here).
Let’s also take a look at hedge fund and insider activity in other stocks similar to Brookdale Senior Living, Inc. (NYSE:BKD). These stocks are Kindred Healthcare, Inc. (NYSE:KND), National HealthCare Corporation (NYSEAMEX:NHC), The Ensign Group, Inc. (NASDAQ:ENSG), Capital Senior Living Corporation (NYSE:CSU), and Emeritus Corporation (NYSE:ESC). All of these stocks are in the long-term care facilities industry and their market caps are similar to BKD’s market cap.
