Public Employees Retirement System of Ohio boosted its stake in shares of Kindred Healthcare, Inc. (NYSE:KND) by 11.5% during the first quarter, Holdings Channel reports. The firm owned 24,305 shares of the health services provider’s stock after buying an additional 2,506 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kindred Healthcare were worth $203,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of Kindred Healthcare by 28.1% in the first quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock valued at $175,000 after buying an additional 4,584 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Kindred Healthcare during the fourth quarter valued at approximately $300,000. Renaissance Technologies LLC increased its stake in shares of Kindred Healthcare by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 259,280 shares of the health services provider’s stock valued at $2,035,000 after buying an additional 65,400 shares during the period. Oxford Asset Management purchased a new stake in shares of Kindred Healthcare during the first quarter valued at approximately $1,722,000. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of Kindred Healthcare during the first quarter valued at approximately $121,000. Institutional investors and hedge funds own 88.88% of the company’s stock.

Shares of Kindred Healthcare, Inc. (NYSE:KND) traded down 0.68% on Thursday, hitting $7.25. 249,417 shares of the stock traded hands. The firm’s market capitalization is $630.93 million. Kindred Healthcare, Inc. has a 52 week low of $5.65 and a 52 week high of $11.90. The firm’s 50 day moving average is $10.44 and its 200 day moving average is $9.21.

Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect that Kindred Healthcare, Inc. will post $0.51 EPS for the current fiscal year.

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Several equities research analysts recently commented on KND shares. Barclays PLC restated a “buy” rating and issued a $13.00 price target (up previously from $11.00) on shares of Kindred Healthcare in a research report on Sunday, May 7th. BidaskClub downgraded shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Deutsche Bank AG cut their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 target price on shares of Kindred Healthcare in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.94.

About Kindred Healthcare

Kindred Healthcare, Inc is a healthcare services company. The Company, through its subsidiaries, operates transitional care (TC) hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.

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Institutional Ownership by Quarter for Kindred Healthcare (NYSE:KND)

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