Kindred Healthcare, Inc. (NYSE:KND) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “

KND has been the subject of a number of other reports. BidaskClub cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC reiterated a “buy” rating and issued a $13.00 price objective (up from $11.00) on shares of Kindred Healthcare in a report on Sunday, May 7th. Deutsche Bank AG decreased their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 price objective on shares of Kindred Healthcare in a report on Friday, May 5th. Finally, Mizuho reiterated a “neutral” rating and issued a $9.00 price objective on shares of Kindred Healthcare in a report on Monday, July 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.94.

Kindred Healthcare (KND) traded up 1.38% on Friday, reaching $7.35. The company’s stock had a trading volume of 1,229,855 shares. The company’s market capitalization is $639.63 million. Kindred Healthcare has a 1-year low of $5.65 and a 1-year high of $11.90. The stock has a 50 day moving average price of $10.24 and a 200-day moving average price of $9.20.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. Kindred Healthcare’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. Equities analysts predict that Kindred Healthcare will post $0.57 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KND. Gabelli Funds LLC raised its position in Kindred Healthcare by 5.4% in the first quarter. Gabelli Funds LLC now owns 620,356 shares of the health services provider’s stock worth $5,180,000 after buying an additional 32,000 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Kindred Healthcare by 22.2% in the first quarter. Gamco Investors INC. ET AL now owns 275,046 shares of the health services provider’s stock worth $2,297,000 after buying an additional 50,000 shares in the last quarter. Comerica Bank raised its position in Kindred Healthcare by 3.8% in the first quarter. Comerica Bank now owns 93,993 shares of the health services provider’s stock worth $879,000 after buying an additional 3,418 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Kindred Healthcare by 5.2% in the first quarter. Great West Life Assurance Co. Can now owns 118,465 shares of the health services provider’s stock worth $984,000 after buying an additional 5,848 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Kindred Healthcare by 150.8% in the first quarter. Wells Fargo & Company MN now owns 224,631 shares of the health services provider’s stock worth $1,877,000 after buying an additional 135,068 shares in the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

Kindred Healthcare Company Profile

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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Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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