Shares of Kindred Healthcare, Inc. (NYSE:KND) traded down 0.9% during trading on Friday . The stock traded as low as $5.85 and last traded at $5.90. 1,088,555 shares were traded during mid-day trading, an increase of 3% from the average session volume of 1,055,213 shares. The stock had previously closed at $5.85.

Several analysts recently commented on the company. BidaskClub lowered Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG cut their price objective on Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a report on Monday, August 7th. Zacks Investment Research lowered Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Mizuho reaffirmed a “neutral” rating and issued a $7.50 price objective (down previously from $8.00) on shares of Kindred Healthcare in a report on Tuesday, October 10th. Finally, Bank of America Corporation cut their price objective on Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating for the company in a report on Thursday, September 21st. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.75.

The company has a market cap of $513.41, a PE ratio of 16.39 and a beta of 1.12. The company has a debt-to-equity ratio of 5.36, a quick ratio of 1.49 and a current ratio of 1.51.

Kindred Healthcare (NYSE:KND) last released its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. Kindred Healthcare’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 earnings per share. equities research analysts expect that Kindred Healthcare, Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in Kindred Healthcare by 28.1% during the first quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock valued at $175,000 after purchasing an additional 4,584 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Kindred Healthcare by 149.4% during the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after purchasing an additional 1,260,753 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Kindred Healthcare by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 1,488,869 shares of the health services provider’s stock valued at $17,345,000 after purchasing an additional 34,553 shares in the last quarter. Teachers Advisors LLC lifted its position in Kindred Healthcare by 8.1% during the second quarter. Teachers Advisors LLC now owns 162,452 shares of the health services provider’s stock valued at $1,893,000 after purchasing an additional 12,132 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in Kindred Healthcare by 39.6% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,238,980 shares of the health services provider’s stock valued at $8,425,000 after purchasing an additional 351,280 shares in the last quarter. Institutional investors own 88.01% of the company’s stock.

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Kindred Healthcare Company Profile

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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