Kindred Healthcare Inc. (KND) Trading Down 2.2%
Kindred Healthcare Inc. (NYSE:KND)’s share price dropped 2.2% on Monday . The stock traded as low as $11.73 and last traded at $11.74, with a volume of 438,508 shares changing hands. The stock had previously closed at $12.01.
KND has been the subject of several analyst reports. Avondale Partners dropped their price objective on Kindred Healthcare from $17.00 to $14.00 and set a “market perform” rating for the company in a report on Friday, June 17th. Mizuho dropped their price objective on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 6th. Zacks Investment Research raised Kindred Healthcare from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a report on Tuesday, May 3rd. TheStreet raised Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Monday, April 11th. Finally, Bank of America Corp. reaffirmed a “sell” rating and issued a $11.00 price objective on shares of Kindred Healthcare in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Kindred Healthcare presently has an average rating of “Hold” and an average target price of $13.57.
The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 15.46. The firm has a 50 day moving average price of $11.76 and a 200 day moving average price of $11.67.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The company 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 business earned $0.39 earnings per share. Kindred Healthcare’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Kindred Healthcare Inc. will post $0.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, August 18th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Tuesday, August 16th.
In other news, CAO John Joseph Lucchese sold 4,341 shares of the firm’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $11.39, for a total value 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 $388,740.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other institutional investors recently bought and sold shares of the company. Wells Fargo & Company MN raised 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 during the last quarter. Morgan Stanley raised 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 during the last quarter. Advisors Asset Management Inc. bought a new position in Kindred Healthcare during the fourth quarter worth approximately $3,485,000. Royce & Associates LLC raised 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 during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Kindred Healthcare by 34.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 114,024 shares of the company’s stock worth $1,358,000 after buying an additional 29,232 shares during 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.