Should You Buy Brookdale Senior Living, Inc. (BKD)?

Page 1 of 2

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.

To most shareholders, hedge funds are viewed as underperforming, outdated financial tools of the past. While there are greater than 8000 funds in operation at the moment, we at Insider Monkey choose to focus on the aristocrats of this group, close to 450 funds. It is widely believed that this group has its hands on the majority of all hedge funds’ total asset base, and by keeping an eye on their best picks, we have come up with a few investment strategies that have historically beaten the S&P 500 index. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (explore the details and some picks here).

Brookdale Senior Living, Inc. (NYSE:BKD)Equally as key, bullish insider trading activity is a second way to break down the financial markets. As the old adage goes: there are plenty of reasons for an executive to downsize shares of his or her company, but only one, very simple reason why they would initiate a purchase. Various academic studies have demonstrated the valuable potential of this strategy if “monkeys” understand where to look (learn more here).

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.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!