Kindred Healthcare Inc. (KND) Trading Up 2.3%
Kindred Healthcare Inc. (NYSE:KND)’s share price was up 2.3% during trading on Thursday . The stock traded as high as $11.90 and last traded at $11.78, with a volume of 264,172 shares trading hands. The stock had previously closed at $11.51.
KND has been the topic of a number of analyst reports. Zacks Investment Research raised Kindred Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, June 1st. BMO Capital Markets downgraded Kindred Healthcare from an “outperform” rating to a “market perform” rating in a research report on Monday, March 28th. TheStreet raised Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Avondale Partners reduced their price target on 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. Finally, Mizuho reduced their price target on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
The firm’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.49. The firm has a market cap of $1.00 billion and a PE ratio of 15.44.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Wednesday, May 4th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business earned $0.43 EPS. Kindred Healthcare’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts expect that Kindred Healthcare Inc. will post $0.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Wednesday, May 18th were issued a $0.12 dividend. The ex-dividend date was Monday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.09%.
In related news, CAO John Joseph Lucchese sold 4,341 shares of Kindred Healthcare stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $11.39, for a total value of $49,443.99. Following the sale, the chief accounting officer now 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 is available at the SEC website.
Other large investors recently bought and sold shares of the company. Russell Frank Co boosted its stake in Kindred Healthcare by 81.5% in the fourth quarter. Russell Frank Co now owns 658,231 shares of the company’s stock worth $7,819,000 after buying an additional 295,560 shares during the period. Nationwide Fund Advisors boosted its stake in Kindred Healthcare by 0.6% in the fourth quarter. Nationwide Fund Advisors now owns 96,727 shares of the company’s stock worth $1,152,000 after buying an additional 530 shares during the period. California State Teachers Retirement System boosted its stake in Kindred Healthcare by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 154,666 shares of the company’s stock worth $1,842,000 after buying an additional 2,448 shares during the period. Rhumbline Advisers boosted its stake in Kindred Healthcare by 4.2% in the fourth quarter. Rhumbline Advisers now owns 139,757 shares of the company’s stock worth $1,665,000 after buying an additional 5,575 shares during the period. Finally, LSV Asset Management bought a new stake in Kindred Healthcare during the fourth quarter worth approximately $25,481,000.
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.