Rhumbline Advisers lifted its stake in Kindred Healthcare, Inc. (NYSE:KND) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,931 shares of the health services provider’s stock after purchasing an additional 449 shares during the quarter. Rhumbline Advisers owned 0.21% of Kindred Healthcare worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Kindred Healthcare by 41,968.4% in the first quarter. BlackRock Inc. now owns 10,779,191 shares of the health services provider’s stock worth $90,006,000 after purchasing an additional 10,753,568 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Kindred Healthcare by 40.9% in the first quarter. Wellington Management Group LLP now owns 7,945,247 shares of the health services provider’s stock worth $66,342,000 after purchasing an additional 2,307,814 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Kindred Healthcare by 0.6% in the first quarter. Bank of America Corp DE now owns 2,425,910 shares of the health services provider’s stock worth $20,257,000 after purchasing an additional 13,774 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Kindred Healthcare by 303.1% in the first quarter. Point72 Asset Management L.P. now owns 1,734,899 shares of the health services provider’s stock worth $14,486,000 after purchasing an additional 1,304,499 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Kindred Healthcare by 22.9% in the first quarter. Royce & Associates LP now owns 1,133,044 shares of the health services provider’s stock worth $9,461,000 after purchasing an additional 211,394 shares in the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.

KND has been the subject of a number of research analyst reports. Mizuho reissued a “neutral” rating and issued a $9.00 price target on shares of Kindred Healthcare in a research report on Monday, July 3rd. Zacks Investment Research lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. BidaskClub lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG cut their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.94.

Kindred Healthcare, Inc. (NYSE:KND) opened at 7.25 on Friday. Kindred Healthcare, Inc. has a 12 month low of $5.65 and a 12 month high of $11.90. The company’s market cap is $630.89 million. The company’s 50-day moving average is $7.78 and its 200 day moving average is $9.28.

Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s revenue was down 4.6% on a year-over-year basis. Equities analysts forecast that Kindred Healthcare, Inc. will post $0.47 earnings per share for the current fiscal year.

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About Kindred Healthcare

Kindred Healthcare, Inc, incorporated on March 27, 1998, 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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