Dimensional Fund Advisors LP lowered its position in Kindred Healthcare, Inc. (NYSE:KND) by 11.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,315,875 shares of the health services provider’s stock after selling 688,565 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Kindred Healthcare worth $36,149,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC acquired a new position in shares of Kindred Healthcare in the 2nd quarter worth approximately $130,000. Amalgamated Bank lifted its position in shares of Kindred Healthcare by 0.9% in the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after purchasing an additional 108 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Kindred Healthcare in the 2nd quarter worth approximately $216,000. Public Employees Retirement System of Ohio lifted its position in shares of Kindred Healthcare by 10.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,773 shares of the health services provider’s stock worth $312,000 after purchasing an additional 2,468 shares during the period. Finally, Martingale Asset Management L P acquired a new position in shares of Kindred Healthcare in the 2nd quarter worth approximately $317,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.

Kindred Healthcare, Inc. (KND) opened at $9.25 on Friday. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.53 and a current ratio of 1.55. Kindred Healthcare, Inc. has a 1 year low of $5.50 and a 1 year high of $11.90. The stock has a market cap of $804.13, a price-to-earnings ratio of -4.70 and a beta of 1.20.

Kindred Healthcare (NYSE:KND) last released its earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The company 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 earned $0.05 EPS. Kindred Healthcare’s quarterly revenue was down 5.5% compared to the same quarter last year. research analysts expect that Kindred Healthcare, Inc. will post 0.31 earnings per share for the current fiscal year.

KND has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $8.50 price target (up previously from $7.50) on shares of Kindred Healthcare in a research report on Thursday, November 9th. Bank of America dropped their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Mizuho set a $9.00 price target on shares of Kindred Healthcare and gave the stock a “hold” rating in a research report on Monday, December 18th. Finally, ValuEngine upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two equities 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 company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.31.

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

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