Phoenix Investment Adviser LLC lowered its position in shares of Kindred Healthcare, Inc. (NYSE:KND) by 67.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,500 shares of the health services provider’s stock after selling 140,000 shares during the period. Kindred Healthcare makes up approximately 0.6% of Phoenix Investment Adviser LLC’s portfolio, making the stock its 24th largest position. Phoenix Investment Adviser LLC’s holdings in Kindred Healthcare were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Kindred Healthcare by 6.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,314,081 shares of the health services provider’s stock worth $12,747,000 after buying an additional 82,475 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Kindred Healthcare by 14.6% during the 3rd quarter. California Public Employees Retirement System now owns 751,962 shares of the health services provider’s stock worth $5,113,000 after buying an additional 95,543 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Kindred Healthcare by 1,071.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 40,228 shares of the health services provider’s stock worth $274,000 after buying an additional 36,793 shares during the last quarter. Continental Advisors LLC acquired a new stake in shares of Kindred Healthcare during the 3rd quarter worth approximately $306,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Kindred Healthcare during the 3rd quarter worth approximately $133,000. Institutional investors and hedge funds own 85.16% of the company’s stock.

Kindred Healthcare, Inc. (KND) traded down $0.25 during trading on Friday, reaching $9.15. 1,393,778 shares of the company traded hands, compared to its average volume of 1,124,085. Kindred Healthcare, Inc. has a 12-month low of $5.50 and a 12-month high of $11.90. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53. The firm has a market cap of $795.43, a P/E ratio of -4.64 and a beta of 1.20.

Kindred Healthcare (NYSE:KND) last posted its earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. research analysts predict that Kindred Healthcare, Inc. will post 0.31 earnings per share for the current year.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho set a $9.00 target price on shares of Kindred Healthcare and gave the company a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a report on Monday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $8.50 target price (up previously from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. Finally, ValuEngine upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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