BidaskClub downgraded shares of Kindred Healthcare, Inc. (NYSE:KND) from a buy rating to a hold rating in a research report released on Wednesday morning.
Several other analysts also recently weighed in on the company. Zacks Investment Research raised Kindred Healthcare from a hold rating to a buy rating and set a $11.00 target price for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada reissued a hold rating and issued a $10.00 target price on shares of Kindred Healthcare in a report on Monday, May 15th. Barclays PLC reissued a buy rating and issued a $13.00 target price (up from $11.00) on shares of Kindred Healthcare in a report on Sunday, May 7th. Mizuho reissued a neutral rating and issued a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. Finally, UBS AG reissued a neutral rating and issued a $10.50 target price (up from $8.00) on shares of Kindred Healthcare in a report on Friday, May 5th. Five equities research 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 company presently has an average rating of Hold and an average price target of $10.06.
Kindred Healthcare (KND) opened at 11.25 on Wednesday. The stock has a 50 day moving average price of $10.51 and a 200-day moving average price of $8.73. Kindred Healthcare has a one year low of $5.65 and a one year high of $12.55. The firm’s market capitalization is $963.37 million.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Kindred Healthcare had a positive return on equity of 4.08% and a negative net margin of 9.55%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, analysts predict that Kindred Healthcare will post $0.49 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in 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 valued at $90,006,000 after buying an additional 10,753,568 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 valued at $66,342,000 after buying an additional 2,307,814 shares in the last quarter. Point72 Asset Management L.P. increased its stake in 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 valued at $14,486,000 after buying an additional 1,304,499 shares in the last quarter. Norges Bank bought a new stake in Kindred Healthcare during the fourth quarter valued at approximately $8,342,000. Finally, Bogle Investment Management L P DE bought a new stake in Kindred Healthcare during the first quarter valued at approximately $3,085,000. 89.50% of the stock is owned by hedge funds and other institutional investors.
About Kindred Healthcare
Kindred Healthcare, Inc 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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