Trexquant Investment LP increased its position in Kindred Healthcare, Inc. (NYSE:KND) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,524 shares of the health services provider’s stock after buying an additional 3,245 shares during the period. Trexquant Investment LP’s holdings in Kindred Healthcare were worth $426,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund raised its stake in shares of Kindred Healthcare by 1.5% in the second quarter. Texas Permanent School Fund now owns 62,557 shares of the health services provider’s stock worth $729,000 after buying an additional 924 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Kindred Healthcare by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 123,065 shares of the health services provider’s stock worth $1,434,000 after buying an additional 4,600 shares in the last quarter. ING Groep NV bought a new stake in shares of Kindred Healthcare during the second quarter worth approximately $350,000. Acadian Asset Management LLC raised its stake in shares of Kindred Healthcare by 109.3% in the second quarter. Acadian Asset Management LLC now owns 510,614 shares of the health services provider’s stock worth $5,947,000 after buying an additional 266,665 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Kindred Healthcare by 2.6% in the second quarter. Aperio Group LLC now owns 48,872 shares of the health services provider’s stock worth $569,000 after buying an additional 1,250 shares in the last quarter. 89.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Kindred Healthcare, Inc. (KND) opened at 7.50 on Tuesday. The stock’s market cap is $652.64 million. The firm’s 50-day moving average price is $10.14 and its 200-day moving average price is $9.23. Kindred Healthcare, Inc. has a 52-week low of $5.65 and a 52-week high of $11.90.
Kindred Healthcare (NYSE:KND) last issued its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. Kindred Healthcare’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities analysts predict that Kindred Healthcare, Inc. will post $0.57 EPS for the current year.
Several equities analysts have recently issued reports on KND shares. Zacks Investment Research raised Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub lowered Kindred Healthcare from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Deutsche Bank AG reduced their price objective on Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 7th. Mizuho reissued a “neutral” rating and set a $9.00 price objective on shares of Kindred Healthcare in a report on Monday, July 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $10.00 price objective on shares of Kindred Healthcare in a report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Kindred Healthcare currently has an average rating of “Hold” and an average price target of $9.94.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.
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