Kindred Healthcare Inc. (KND) Trading Up 3.4%
Kindred Healthcare Inc. (NYSE:KND) shares were up 3.4% during mid-day trading on Monday . The company traded as high as $10.74 and last traded at $10.72, with a volume of 182,812 shares trading hands. The stock had previously closed at $10.37.
KND has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Bank of America Corp. reiterated a “sell” rating and issued a $11.00 price target on shares of Kindred Healthcare in a research report on Friday, August 5th. Mizuho increased their price target on shares of Kindred Healthcare from $9.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, May 5th. Finally, Avondale Partners cut 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 research report on Friday, June 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.57.
The firm has a market capitalization of $929.26 million and a price-to-earnings ratio of 14.08. The stock has a 50 day moving average price of $11.46 and a 200-day moving average price of $11.84.
Kindred Healthcare (NYSE:KND) last released its earnings results on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The business earned $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts anticipate that Kindred Healthcare Inc. will post $0.90 earnings per share for the current year.
The firm also recently announced 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 4.36%. The ex-dividend date of this dividend is Tuesday, August 16th.
In other Kindred Healthcare news, CAO John Joseph Lucchese sold 4,341 shares of Kindred Healthcare stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $11.39, for a total value of $49,443.99. Following the transaction, the chief accounting officer now owns 34,130 shares in the company, valued at $388,740.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
An institutional investor recently raised its position in Kindred Healthcare stock. Morgan Stanley raised its position in shares of Kindred Healthcare Inc. (NYSE:KND) by 49.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,189,407 shares of the company’s stock after buying an additional 393,128 shares during the period. Morgan Stanley owned about 1.42% of Kindred Healthcare worth $14,166,000 at the end of the most recent reporting period.
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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