Public Employees Retirement System of Ohio boosted its stake in shares of Kindred Healthcare, Inc. (NYSE:KND) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,773 shares of the health services provider’s stock after buying an additional 2,468 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kindred Healthcare were worth $312,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in KND. Janus Henderson Group PLC acquired a new position in Kindred Healthcare during the 2nd quarter worth about $130,000. Paloma Partners Management Co acquired a new position in Kindred Healthcare during the 1st quarter worth about $133,000. Amalgamated Bank lifted its holdings in Kindred Healthcare by 0.9% during the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after buying an additional 108 shares during the period. State of Alaska Department of Revenue lifted its holdings in Kindred Healthcare by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,916 shares of the health services provider’s stock worth $197,000 after buying an additional 7,516 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Kindred Healthcare during the 2nd quarter worth about $216,000. 87.08% of the stock is currently owned by hedge funds and other institutional investors.
Kindred Healthcare, Inc. (NYSE:KND) opened at $7.60 on Wednesday. The stock has a market capitalization of $660.69, a PE ratio of 38.00 and a beta of 1.12. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53. Kindred Healthcare, Inc. has a 52 week low of $5.50 and a 52 week high of $11.90.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Monday, November 6th. The health services provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. sell-side analysts predict that Kindred Healthcare, Inc. will post 0.29 earnings per share for the current fiscal year.
KND has been the topic of several recent research reports. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Deutsche Bank AG reissued a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. BidaskClub downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Mizuho reissued a “neutral” rating and issued a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada dropped their price objective on 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Kindred Healthcare has an average rating of “Hold” and a consensus price target of $9.17.
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Kindred Healthcare 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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