Kindred Healthcare, Inc. (KND) Debt Trading 1.3% Lower
An issue of Kindred Healthcare, Inc. (NYSE:KND) bonds fell 1.3% against their face value during trading on Thursday. The high-yield debt issue has a 8% coupon and will mature on January 15, 2020. The bonds in the issue are now trading at $100.50 and were trading at $100.75 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.
Several brokerages recently commented on KND. J P Morgan Chase & Co reaffirmed a “hold” rating and issued a $11.00 price target on shares of Kindred Healthcare in a research note on Thursday, November 10th. Stifel Nicolaus lowered Kindred Healthcare from a “hold” rating to a “sell” rating and decreased their price target for the company from $10.00 to $5.00 in a research note on Tuesday, November 8th. RBC Capital Markets reaffirmed a “hold” rating and issued a $9.00 price target on shares of Kindred Healthcare in a research note on Tuesday, January 3rd. TheStreet lowered Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Finally, BMO Capital Markets lowered Kindred Healthcare to an “underperform” rating in a research note on Thursday, November 10th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.22.
Kindred Healthcare, Inc. (NYSE:KND) opened at 7.65 on Friday. Kindred Healthcare, Inc. has a 52 week low of $5.65 and a 52 week high of $15.66. The firm’s market cap is $651.47 million. The stock’s 50 day moving average price is $7.61 and its 200 day moving average price is $9.59.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. Kindred Healthcare’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, equities research analysts predict that Kindred Healthcare, Inc. will post $0.74 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC raised its position in Kindred Healthcare by 2.8% in the second quarter. ProShare Advisors LLC now owns 12,980 shares of the company’s stock worth $147,000 after buying an additional 350 shares during the period. DIAM Co. Ltd. raised its position in Kindred Healthcare by 0.8% in the third quarter. DIAM Co. Ltd. now owns 70,462 shares of the company’s stock worth $702,000 after buying an additional 551 shares during the period. PineBridge Investments L.P. raised its position in Kindred Healthcare by 5.5% in the second quarter. PineBridge Investments L.P. now owns 10,800 shares of the company’s stock worth $122,000 after buying an additional 560 shares during the period. Mutual of America Capital Management LLC raised its position in Kindred Healthcare by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 117,547 shares of the company’s stock worth $1,201,000 after buying an additional 578 shares during the period. Finally, BlackRock Inc. raised its position in Kindred Healthcare by 2.7% in the third quarter. BlackRock Inc. now owns 27,266 shares of the company’s stock worth $279,000 after buying an additional 722 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.
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Kindred Healthcare Company Profile
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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