Kindred Healthcare, Inc. (KND) Position Lowered by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its stake in Kindred Healthcare, Inc. (NYSE:KND) by 50.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,397 shares of the health services provider’s stock after selling 62,509 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Kindred Healthcare worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Kindred Healthcare by 149.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after buying an additional 1,260,753 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Kindred Healthcare by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,488,869 shares of the health services provider’s stock valued at $17,345,000 after buying an additional 34,553 shares during the last quarter. Smith Graham & Co. Investment Advisors LP grew its position in shares of Kindred Healthcare by 39.6% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,238,980 shares of the health services provider’s stock valued at $8,425,000 after buying an additional 351,280 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Kindred Healthcare by 8.1% in the 2nd quarter. Teachers Advisors LLC now owns 162,452 shares of the health services provider’s stock valued at $1,893,000 after buying an additional 12,132 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Kindred Healthcare by 0.3% in the 2nd quarter. BlackRock Inc. now owns 10,808,864 shares of the health services provider’s stock valued at $125,923,000 after buying an additional 29,673 shares during the last quarter. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on KND. Zacks Investment Research downgraded shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. BidaskClub downgraded shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada lowered their price objective on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research report on Thursday, September 21st. Mizuho reissued a “neutral” rating and set a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research report on Tuesday, October 10th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $9.00 price objective (down from $10.00) on shares of Kindred Healthcare in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.86.

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Kindred Healthcare, Inc. (NYSE KND) opened at $8.00 on Tuesday. Kindred Healthcare, Inc. has a 52-week low of $5.50 and a 52-week high of $11.90. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.53 and a current ratio of 1.55. The stock has a market cap of $660.69, a price-to-earnings ratio of 38.00 and a beta of 1.12.

Kindred Healthcare (NYSE:KND) last released its earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $0.05 EPS. The business’s revenue was down 5.5% on a year-over-year basis. equities analysts anticipate that Kindred Healthcare, Inc. will post 0.32 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Kindred Healthcare (NYSE:KND)

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