Kindred Healthcare, Inc. (KND) Debt Trading 1.4% Higher

An issue of Kindred Healthcare, Inc. (NYSE:KND) bonds rose 1.4% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 8.75% coupon and will mature on January 15, 2023. The debt is now trading at $98.90. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

Several analysts have commented on KND shares. Bank of America Corporation dropped their target price on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating for the company in a research report on Thursday, September 21st. Royal Bank Of Canada dropped their target price on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating for the company 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. BidaskClub cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG dropped their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.75.

Kindred Healthcare, Inc. (NYSE:KND) opened at 6.05 on Friday. The firm’s market cap is $526.46 million. The stock has a 50 day moving average of $6.55 and a 200 day moving average of $8.84. Kindred Healthcare, Inc. has a one year low of $5.50 and a one year high of $11.90.

Kindred Healthcare (NYSE:KND) last announced its earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm earned $0.38 earnings per share. Kindred Healthcare’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts predict that Kindred Healthcare, Inc. will post $0.22 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of KND. BlackRock Inc. grew its holdings 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 worth $90,006,000 after purchasing an additional 10,753,568 shares during the period. JPMorgan Chase & Co. grew its holdings in Kindred Healthcare by 149.4% in the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock worth $24,518,000 after purchasing an additional 1,260,753 shares during the period. Goldman Sachs Group Inc. grew its holdings in Kindred Healthcare by 102.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock worth $20,431,000 after purchasing an additional 886,906 shares during the period. Vanguard Group Inc. grew its holdings in Kindred Healthcare by 8.6% in the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after purchasing an additional 635,000 shares during the period. Finally, Bank of Nova Scotia grew its holdings in Kindred Healthcare by 232.3% in the second quarter. Bank of Nova Scotia now owns 876,317 shares of the health services provider’s stock worth $10,209,000 after purchasing an additional 612,598 shares during the period. Institutional investors and hedge funds own 87.55% 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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