Kindred Healthcare Inc. (KND) Trading Down 3.8%
Shares of Kindred Healthcare Inc. (NYSE:KND) traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $10.20 and last traded at $10.40, with a volume of 449,310 shares changing hands. The stock had previously closed at $10.81.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Kindred Healthcare from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a report on Tuesday, May 3rd. Mizuho increased their price objective on Kindred Healthcare from $9.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Avondale Partners increased their price objective on Kindred Healthcare from $14.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, May 5th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $11.00 price objective on shares of Kindred Healthcare in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Kindred Healthcare currently has a consensus rating of “Hold” and a consensus target price of $13.57.
The stock’s 50 day moving average is $11.71 and its 200 day moving average is $11.73. The firm has a market cap of $874.70 million and a P/E ratio of 13.26.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. During the same period last year, the firm earned $0.39 EPS. The firm earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. Kindred Healthcare’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Kindred Healthcare Inc. will post $0.91 EPS for the current year.
The company 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 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, August 16th.
In other news, CAO John Joseph Lucchese sold 4,341 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 34,130 shares of the company’s stock, valued at approximately $388,740.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Kindred Healthcare by 4.2% in the fourth quarter. Rhumbline Advisers now owns 139,757 shares of the company’s stock valued at $1,665,000 after buying an additional 5,575 shares during the period. California Public Employees Retirement System boosted its stake in Kindred Healthcare by 4.4% in the fourth quarter. California Public Employees Retirement System now owns 291,919 shares of the company’s stock valued at $3,477,000 after buying an additional 12,400 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake 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 valued at $1,358,000 after buying an additional 29,232 shares in the last quarter. Royce & Associates LLC boosted its stake in Kindred Healthcare by 37.0% in the fourth quarter. Royce & Associates LLC now owns 185,000 shares of the company’s stock valued at $2,203,000 after buying an additional 50,000 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Kindred Healthcare during the fourth quarter valued at approximately $3,485,000.
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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