Zacks Investment Research downgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “
KND has been the topic of a number of other reports. Bank of America Corporation lowered their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an underperform rating on the stock in a research report on Thursday, September 21st. Royal Bank Of Canada lowered their price target on shares of Kindred Healthcare from $9.00 to $7.50 and set a sector perform rating on the stock in a research report on Thursday, September 21st. BidaskClub lowered shares of Kindred Healthcare from a hold rating to a sell rating in a research report on Monday, July 31st. Deutsche Bank AG lowered their price target on shares of Kindred Healthcare from $13.00 to $10.00 and set a buy rating on the stock in a research report on Monday, August 7th. Finally, Mizuho restated a neutral rating and set a $9.00 price target on shares of Kindred Healthcare in a research report on Monday, July 3rd. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $8.75.
Shares of Kindred Healthcare (NYSE:KND) opened at 6.05 on Tuesday. The stock’s 50 day moving average is $7.08 and its 200 day moving average is $9.03. The stock’s market capitalization is $526.46 million. Kindred Healthcare has a 12 month low of $5.50 and a 12 month high of $11.90.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Analysts anticipate that Kindred Healthcare will post $0.29 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of KND. Point72 Asia Hong Kong Ltd purchased a new position in Kindred Healthcare during the first quarter worth about $121,000. Janus Henderson Group PLC purchased a new position in Kindred Healthcare during the second quarter worth about $130,000. Two Sigma Securities LLC raised its stake in Kindred Healthcare by 54.5% during the first quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock worth $131,000 after purchasing an additional 5,511 shares during the period. Paloma Partners Management Co purchased a new position in Kindred Healthcare during the first quarter worth about $133,000. Finally, Amalgamated Bank raised its stake in Kindred Healthcare by 0.9% during the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.
About Kindred Healthcare
Kindred Healthcare, Inc, incorporated on March 27, 1998, 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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