Northern Trust Corp Has $12.19 Million Holdings in Kindred Healthcare, Inc. (KND)

Northern Trust Corp raised its stake in shares of Kindred Healthcare, Inc. (NYSE:KND) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,046,020 shares of the health services provider’s stock after purchasing an additional 11,876 shares during the period. Northern Trust Corp owned approximately 1.22% of Kindred Healthcare worth $12,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Kindred Healthcare by 0.9% during the 2nd 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 during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Kindred Healthcare by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 34,900 shares of the health services provider’s stock worth $407,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kindred Healthcare by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 48,725 shares of the health services provider’s stock worth $568,000 after buying an additional 240 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Kindred Healthcare by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 44,664 shares of the health services provider’s stock worth $520,000 after buying an additional 300 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Kindred Healthcare by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 178,931 shares of the health services provider’s stock worth $2,085,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. BidaskClub downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada cut their target price on Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Thursday, September 21st. Mizuho restated a “neutral” rating and issued a $7.50 target price (down previously from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $9.00 target price (down previously from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.

Shares of Kindred Healthcare, Inc. (NYSE KND) opened at $5.90 on Friday. The firm has a market capitalization of $543.87 million, a P/E ratio of 17.36 and a beta of 1.12. The company has a debt-to-equity ratio of 5.36, a quick ratio of 1.49 and a current ratio of 1.51.

Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. equities analysts predict that Kindred Healthcare, Inc. will post 0.3 earnings per share for the current year.

Kindred Healthcare Company 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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