Prudential Financial Inc. Has $4.67 Million Position in Kindred Healthcare, Inc. (KND)

Prudential Financial Inc. cut its position in Kindred Healthcare, Inc. (NYSE:KND) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,463 shares of the health services provider’s stock after selling 69,450 shares during the quarter. Prudential Financial Inc. owned about 0.79% of Kindred Healthcare worth $4,668,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Kindred Healthcare by 0.3% during the second quarter. BlackRock Inc. now owns 10,808,864 shares of the health services provider’s stock worth $125,923,000 after purchasing an additional 29,673 shares during the period. Vanguard Group Inc. boosted its position in 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 purchasing an additional 635,000 shares during the period. Dimensional Fund Advisors LP boosted its position in Kindred Healthcare by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,004,440 shares of the health services provider’s stock worth $69,952,000 after purchasing an additional 315,752 shares during the period. Glenview Capital Management LLC boosted its position in Kindred Healthcare by 18.8% during the second quarter. Glenview Capital Management LLC now owns 2,374,713 shares of the health services provider’s stock worth $27,665,000 after purchasing an additional 375,000 shares during the period. Finally, State Street Corp boosted its position in Kindred Healthcare by 5.2% during the second quarter. State Street Corp now owns 2,336,912 shares of the health services provider’s stock worth $27,219,000 after purchasing an additional 114,598 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on KND shares. Deutsche Bank reduced their price objective 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. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Stifel Nicolaus raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research report on Monday, November 20th. Finally, Mizuho reaffirmed a “neutral” rating and set a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Kindred Healthcare currently has a consensus rating of “Hold” and an average target price of $8.86.

Shares of Kindred Healthcare, Inc. (NYSE KND) traded down $0.30 during trading on Wednesday, hitting $7.65. 829,600 shares of the stock were exchanged, compared to its average volume of 1,191,861. The company has a market capitalization of $712.85, a PE ratio of 41.00 and a beta of 1.12. Kindred Healthcare, Inc. has a 52 week low of $5.50 and a 52 week high of $11.90. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.53 and a current ratio of 1.55.

Kindred Healthcare (NYSE:KND) last announced its earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. Kindred Healthcare’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. equities analysts anticipate that Kindred Healthcare, Inc. will post 0.27 EPS for the current year.

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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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