Kindred Healthcare (KND) Trading Down 7.5%
Kindred Healthcare, Inc. (NYSE:KND) shares were down 7.5% on Thursday . The company traded as low as $7.22 and last traded at $7.35. Approximately 1,866,160 shares were traded during trading, an increase of 56% from the average daily volume of 1,195,931 shares. The stock had previously closed at $7.95.
A number of research analysts have recently weighed in on KND shares. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Deutsche Bank reiterated a “hold” rating and set a $9.00 price target (down previously from $10.00) on shares of Kindred Healthcare in a report on Monday, September 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $8.50 price target (up previously from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Mizuho reiterated a “neutral” rating and set a $7.50 price target (down previously from $8.00) on shares of Kindred Healthcare in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $8.86.
The company has a current ratio of 1.55, a quick ratio of 1.53 and a debt-to-equity ratio of 6.22. The company has a market capitalization of $638.96, a P/E ratio of 36.75 and a beta of 1.20.
Kindred Healthcare (NYSE:KND) last issued its earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. equities analysts expect that Kindred Healthcare, Inc. will post 0.27 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new position in Kindred Healthcare in the second quarter valued at about $130,000. Highbridge Capital Management LLC purchased a new position in Kindred Healthcare in the third quarter valued at about $133,000. Amalgamated Bank grew its stake in Kindred Healthcare by 0.9% in the second quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after purchasing an additional 108 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Kindred Healthcare by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock valued at $197,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Kindred Healthcare by 11.5% in the first quarter. Public Employees Retirement System of Ohio now owns 24,305 shares of the health services provider’s stock valued at $203,000 after purchasing an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.
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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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