Shares of Kindred Healthcare, Inc. (NYSE:KND) dropped 5.5% on Wednesday . The company traded as low as $6.05 and last traded at $6.05. Approximately 759,042 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 1,337,730 shares. The stock had previously closed at $6.40.
KND has been the topic of a number of analyst reports. Deutsche Bank AG dropped their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub cut shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Mizuho reiterated a “neutral” rating and issued a $9.00 target price on shares of Kindred Healthcare in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada decreased their target price on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Thursday, September 21st. 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.
The firm’s market capitalization is $526.46 million. The firm’s 50-day moving average is $6.64 and its 200-day moving average is $8.87.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. Equities research analysts expect that Kindred Healthcare, Inc. will post $0.22 earnings per share for the current year.
A number of large investors have recently made changes to their positions in KND. Karp Capital Management Corp bought a new stake in Kindred Healthcare during the 1st quarter worth about $398,000. Mason Street Advisors LLC raised its holdings in Kindred Healthcare by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 19,906 shares of the health services provider’s stock worth $166,000 after purchasing an additional 1,297 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Kindred Healthcare by 37.3% during the 1st quarter. JPMorgan Chase & Co. now owns 843,865 shares of the health services provider’s stock worth $7,046,000 after purchasing an additional 229,261 shares during the last quarter. Stifel Financial Corp raised its holdings in Kindred Healthcare by 6.0% during the 1st quarter. Stifel Financial Corp now owns 43,278 shares of the health services provider’s stock worth $366,000 after purchasing an additional 2,455 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Kindred Healthcare by 28.1% during the 1st quarter. SG Americas Securities LLC now owns 20,915 shares of the health services provider’s stock worth $175,000 after purchasing an additional 4,584 shares during the last quarter. 87.55% of the stock is owned by hedge funds and other institutional investors.
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.