Comerica Bank raised its position in shares of Kindred Healthcare, Inc. (NYSE:KND) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,993 shares of the health services provider’s stock after buying an additional 3,418 shares during the period. Comerica Bank owned approximately 0.11% of Kindred Healthcare worth $879,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its stake in Kindred Healthcare by 12.6% in the fourth quarter. State Street Corp now owns 2,249,345 shares of the health services provider’s stock worth $17,661,000 after buying an additional 252,206 shares during the last quarter. Norges Bank acquired a new stake in Kindred Healthcare during the fourth quarter worth about $8,342,000. Royce & Associates LP increased its stake in Kindred Healthcare by 328.7% in the fourth quarter. Royce & Associates LP now owns 921,650 shares of the health services provider’s stock worth $7,235,000 after buying an additional 706,650 shares during the last quarter. Gabelli Funds LLC increased its stake in Kindred Healthcare by 4.4% in the fourth quarter. Gabelli Funds LLC now owns 588,356 shares of the health services provider’s stock worth $4,619,000 after buying an additional 24,981 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Kindred Healthcare by 31.2% in the fourth quarter. Guggenheim Capital LLC now owns 556,391 shares of the health services provider’s stock worth $4,368,000 after buying an additional 132,324 shares during the last quarter. 90.15% of the stock is currently owned by institutional investors.
Kindred Healthcare, Inc. (KND) opened at 10.95 on Friday. The firm’s 50-day moving average is $10.34 and its 200-day moving average is $8.55. The company’s market cap is $937.68 million. Kindred Healthcare, Inc. has a 52-week low of $5.65 and a 52-week high of $12.55.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.04 EPS for the quarter, hitting 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 business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, equities research analysts anticipate that Kindred Healthcare, Inc. will post $0.53 EPS for the current year.
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A number of research analysts have weighed in on KND shares. Mizuho boosted their price objective on shares of Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, February 28th. Barclays PLC reiterated a “buy” rating and set a $13.00 price objective (up previously from $11.00) on shares of Kindred Healthcare in a research report on Sunday, May 7th. Zacks Investment Research cut shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $10.00 price objective on shares of Kindred Healthcare in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.93.
Kindred Healthcare Company Profile
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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