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Is Brookdale Senior Living, Inc. (BKD) A Good Stock To Buy?

Due to the fact that Brookdale Senior Living, Inc. (NYSE:BKD) has witnessed falling interest from the aggregate hedge fund industry, logic holds that there lies a certain “tier” of hedgies that slashed their entire stakes heading into Q4. It’s worth mentioning that Conan Laughlin’s North Tide Capital dumped the biggest stake of the “upper crust” of funds watched by Insider Monkey, comprising close to $50.2 million in stock. Jeremy Green’s fund, Redmile Group, also said goodbye to its holding, about $23.9 million worth of BKD shares. These bearish behaviors are important to note, as total hedge fund interest dropped by 6 funds heading into Q4.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Brookdale Senior Living, Inc. (NYSE:BKD) but similarly valued. We will take a look at Cantel Medical Corp. (NYSE:CMN), Catalent Inc (NYSE:CTLT), EnLink Midstream LLC (NYSE:ENLC), and Helen of Troy Limited (NASDAQ:HELE). This group of stocks’ market caps match BKD’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CMN 16 183661 -2
CTLT 18 132067 6
ENLC 8 23951 3
HELE 19 118690 8

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $115 million. That figure was a whooping $954 million in BKD’s case. Helen of Troy Limited (NASDAQ:HELE) is the most popular stock in this table. On the other hand EnLink Midstream LLC (NYSE:ENLC) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Brookdale Senior Living, Inc. (NYSE:BKD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.

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