Kindred Healthcare Inc. (NYSE:KND) traded down 4.4% during mid-day trading on Thursday . The stock traded as low as $10.48 and last traded at $10.55, with a volume of 217,497 shares. The stock had previously closed at $11.04.

Several equities research analysts have issued reports on the company. Avondale Partners reaffirmed a “hold” rating on shares of Kindred Healthcare in a research note on Saturday, June 18th. Zacks Investment Research raised Kindred Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, June 1st. Mizuho dropped their price target on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 6th. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $11.00 price target on shares of Kindred Healthcare in a research note on Friday, August 5th. Two investment 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. The stock presently has an average rating of “Hold” and a consensus price target of $13.57.

The firm has a market cap of $915.62 million and a P/E ratio of 13.88. The stock’s 50-day moving average price is $11.34 and its 200 day moving average price is $11.81.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings results 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 business earned $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts forecast that Kindred Healthcare Inc. will post $0.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Thursday, August 18th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 4.47%.

In other news, CAO John Joseph Lucchese sold 4,341 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was 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 owns 34,130 shares in the company, valued at $388,740.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in Kindred Healthcare stock. Wells Fargo & Company MN boosted its position in shares of Kindred Healthcare Inc. (NYSE:KND) by 520.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 863,118 shares of the company’s stock after buying an additional 723,970 shares during the period. Wells Fargo & Company MN owned 1.03% of Kindred Healthcare worth $10,280,000 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.