Kindred Healthcare Inc. (NYSE:KND)’s share price fell 2.8% during mid-day trading on Wednesday . The company traded as low as $10.56 and last traded at $10.57, with a volume of 379,352 shares. The stock had previously closed at $10.87.

A number of research firms have issued reports on KND. Zacks Investment Research cut Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Bank of America Corp. reiterated a “sell” rating and set a $11.00 target price on shares of Kindred Healthcare in a report on Friday, August 5th. Mizuho lowered their target price on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 6th. Finally, Avondale Partners reiterated a “hold” rating on shares of Kindred Healthcare in a report on Saturday, June 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Kindred Healthcare has a consensus rating of “Hold” and a consensus price target of $13.57.

The stock has a market capitalization of $886.63 million and a price-to-earnings ratio of 13.44. The stock’s 50 day moving average is $11.63 and its 200 day moving average is $11.78.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The firm earned $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts predict that Kindred Healthcare Inc. will post $0.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, August 16th.

In other news, CAO John Joseph Lucchese sold 4,341 shares of the stock in a transaction that occurred 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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently added to or reduced their stakes in KND. Royce & Associates LLC increased its position in Kindred Healthcare by 37.0% in the fourth quarter. Royce & Associates LLC now owns 185,000 shares of the company’s stock worth $2,203,000 after buying an additional 50,000 shares in the last quarter. Wells Fargo & Company MN increased 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 in the last quarter. Morgan Stanley increased 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 in the last quarter. Finally, California Public Employees Retirement System increased its position in Kindred Healthcare by 4.4% in the fourth quarter. California Public Employees Retirement System now owns 291,919 shares of the company’s stock worth $3,477,000 after buying an additional 12,400 shares in the last quarter.

Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.

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