Kindred Healthcare Sees Unusually High Options Volume (KND)
Kindred Healthcare, Inc. (NYSE:KND) was the target of unusually large options trading activity on Thursday. Investors purchased 1,991 call options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.
A number of equities analysts recently issued reports on KND shares. BidaskClub lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Deutsche Bank AG dropped their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada decreased their price target on shares of 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, Bank of America Corporation decreased their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday, September 21st. Six analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Kindred Healthcare (NYSE:KND) opened at $5.90 on Friday. The company has a debt-to-equity ratio of 5.36, a quick ratio of 1.49 and a current ratio of 1.51. The company has a market capitalization of $513.41, a price-to-earnings ratio of 16.39 and a beta of 1.12.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. equities research analysts expect that Kindred Healthcare will post 0.23 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in shares of Kindred Healthcare in the 2nd quarter valued at $130,000. Paloma Partners Management Co acquired a new stake in shares of Kindred Healthcare in the 1st quarter valued at $133,000. Amalgamated Bank boosted its stake in shares of Kindred Healthcare by 0.9% in 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 in the last quarter. SG Americas Securities LLC boosted its stake in shares of Kindred Healthcare by 28.1% in the 1st quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock valued at $175,000 after purchasing an additional 4,584 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Kindred Healthcare by 80.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock valued at $197,000 after purchasing an additional 7,516 shares in the last quarter. Institutional investors own 88.01% of the company’s stock.
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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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