Kindred Healthcare Target of Unusually Large Options Trading (KND)

Kindred Healthcare, Inc. (NYSE:KND) was the target of some unusual options trading on Thursday. Investors bought 1,991 call options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 call options.

Several hedge funds have recently added to or reduced their stakes in KND. BlackRock Inc. raised its position in shares of Kindred Healthcare by 41,968.4% during the first quarter. BlackRock Inc. now owns 10,779,191 shares of the health services provider’s stock worth $90,006,000 after acquiring an additional 10,753,568 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Kindred Healthcare by 149.4% during the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock worth $24,518,000 after acquiring an additional 1,260,753 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Kindred Healthcare by 102.3% during 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 acquiring an additional 886,906 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kindred Healthcare by 8.6% during the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after acquiring an additional 635,000 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in shares of Kindred Healthcare by 232.3% during the second quarter. Bank of Nova Scotia now owns 876,317 shares of the health services provider’s stock worth $10,209,000 after acquiring an additional 612,598 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

Several analysts recently commented on the company. Mizuho reaffirmed a “neutral” rating and issued a $7.50 price target (down previously from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Zacks Investment Research lowered Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corporation decreased their price target on Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday, September 21st. Royal Bank Of Canada decreased their price target 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. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $9.00 price target (down previously from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. Six 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’s stock. Kindred Healthcare has an average rating of “Hold” and an average target price of $8.75.

Kindred Healthcare (NYSE:KND) opened at $5.90 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 5.36. The stock has a market cap of $513.41, a PE ratio of 16.39 and a beta of 1.12.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. equities analysts expect that Kindred Healthcare will post 0.23 earnings per share for the current year.

WARNING: “Kindred Healthcare Target of Unusually Large Options Trading (KND)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/11/05/kindred-healthcare-target-of-unusually-large-options-trading-knd.html.

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.

What are top analysts saying about Kindred Healthcare Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kindred Healthcare Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit