Kindred Healthcare Inc. (KND) Stock Price Up 2.3%
Shares of Kindred Healthcare Inc. (NYSE:KND) rose 2.3% during mid-day trading on Thursday . The company traded as high as $11.90 and last traded at $11.78, with a volume of 264,172 shares. The stock had previously closed at $11.51.
KND has been the topic of a number of recent analyst reports. Avondale Partners lowered their price target on shares of Kindred Healthcare from $17.00 to $14.00 and set a “market perform” rating on the stock in a report on Friday, June 17th. Mizuho lowered their price target on shares of Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a report on Tuesday, May 3rd. BMO Capital Markets downgraded shares of Kindred Healthcare from an “outperform” rating to a “market perform” rating in a report on Monday, March 28th. Finally, TheStreet raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Monday, April 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kindred Healthcare currently has an average rating of “Hold” and a consensus target price of $14.00.
The firm has a market cap of $1.04 billion and a PE ratio of 16.06. The firm has a 50-day moving average of $11.63 and a 200-day moving average of $11.50.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Wednesday, May 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The business earned $1.84 billion during the quarter, compared to analyst estimates of $1.84 billion. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, analysts anticipate that Kindred Healthcare Inc. will post $0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.93%.
In other news, CAO John Joseph Lucchese sold 4,341 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $11.39, for a total transaction of $49,443.99. Following the transaction, the chief accounting officer now directly owns 34,130 shares of the company’s stock, valued at approximately $388,740.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Other institutional investors recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Kindred Healthcare by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 563,436 shares of the company’s stock worth $6,711,000 after buying an additional 23,945 shares during the period. Wells Fargo & Company MN boosted its position in Kindred Healthcare by 520.3% in the fourth quarter. Wells Fargo & Company MN now owns 863,118 shares of the company’s stock worth $10,280,000 after buying an additional 723,970 shares during the period. Morgan Stanley boosted its position in Kindred Healthcare by 49.4% in the fourth quarter. Morgan Stanley now owns 1,189,407 shares of the company’s stock worth $14,166,000 after buying an additional 393,128 shares during the period. Mutual of America Capital Management LLC boosted its position in Kindred Healthcare by 34.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 114,024 shares of the company’s stock worth $1,358,000 after buying an additional 29,232 shares during the period. Finally, Irving Magee Investment Management boosted its position in Kindred Healthcare by 89.2% in the fourth quarter. Irving Magee Investment Management now owns 403,000 shares of the company’s stock worth $4,800,000 after buying an additional 190,000 shares during the period.
Kindred Healthcare, Inc is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States.
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