Kindred Healthcare Inc. (KND) Bonds Trading 1% Lower
An issue of Kindred Healthcare Inc. (NYSE:KND) bonds fell 1% against their face value during trading on Wednesday. The high-yield debt issue has a 6.375% coupon and will mature on April 15, 2022. The debt is now trading at $94.50. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
KND has been the subject of a number of recent analyst reports. Avondale Partners reiterated a “hold” rating on shares of Kindred Healthcare in a research report on Saturday, June 18th. Zacks Investment Research lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Mizuho decreased their target price on shares of Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 6th. Finally, Bank of America Corp. reiterated a “sell” rating and issued a $11.00 target price on shares of Kindred Healthcare in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Kindred Healthcare has a consensus rating of “Hold” and a consensus target price of $13.57.
Shares of Kindred Healthcare Inc. (NYSE:KND) opened at 10.48 on Thursday. Kindred Healthcare Inc. has a one year low of $7.96 and a one year high of $15.66. The firm has a 50-day moving average of $10.40 and a 200-day moving average of $11.79. The firm has a market capitalization of $893.45 million, a P/E ratio of 13.54 and a beta of 1.58.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The firm earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. Kindred Healthcare had a return on equity of 6.23% and a net margin of 0.94%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. On average, equities analysts predict that Kindred Healthcare Inc. will post $0.90 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of Kindred Healthcare during the second quarter worth approximately $8,829,000. LSV Asset Management boosted its position in shares of Kindred Healthcare by 23.3% in the second quarter. LSV Asset Management now owns 4,133,305 shares of the company’s stock worth $46,665,000 after buying an additional 780,048 shares during the period. Norges Bank bought a new position in shares of Kindred Healthcare during the fourth quarter worth about $8,461,000. AQR Capital Management LLC boosted its position in shares of Kindred Healthcare by 271.7% in the second quarter. AQR Capital Management LLC now owns 524,120 shares of the company’s stock worth $5,917,000 after buying an additional 383,106 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Kindred Healthcare by 56.3% in the second quarter. Teachers Advisors Inc. now owns 945,083 shares of the company’s stock worth $10,670,000 after buying an additional 340,526 shares during the period. Hedge funds and other institutional investors own 95.61% of the company’s stock.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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