Kindred Healthcare, Inc. (KND) Downgraded by Zacks Investment Research
Kindred Healthcare, Inc. (NYSE:KND) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “
Several other research firms have also issued reports on KND. Barclays PLC reiterated a “buy” rating and issued a $13.00 target price (up previously from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Mizuho reiterated a “neutral” rating and issued a $9.00 target price on shares of Kindred Healthcare in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 target price on shares of Kindred Healthcare in a research note on Monday, May 15th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Kindred Healthcare currently has an average rating of “Hold” and an average price target of $10.00.
Shares of Kindred Healthcare (NYSE:KND) traded up 0.46% on Thursday, reaching $10.90. 539,771 shares of the company’s stock were exchanged. The company’s 50 day moving average is $10.51 and its 200-day moving average is $8.73. Kindred Healthcare has a one year low of $5.65 and a one year high of $12.55. The stock’s market cap is $933.40 million.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the 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 company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, analysts anticipate that Kindred Healthcare will post $0.52 EPS for the current year.
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Large investors have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Kindred Healthcare during the fourth quarter worth $300,000. Renaissance Technologies LLC raised its stake in shares of Kindred Healthcare by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 259,280 shares of the health services provider’s stock worth $2,035,000 after buying an additional 65,400 shares during the last quarter. Comerica Bank raised its stake in shares of Kindred Healthcare by 5.5% in the fourth quarter. Comerica Bank now owns 90,575 shares of the health services provider’s stock worth $693,000 after buying an additional 4,686 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Kindred Healthcare during the first quarter worth $1,722,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Kindred Healthcare during the first quarter worth $121,000. Institutional investors and hedge funds own 89.56% of the company’s stock.
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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