Kindred Healthcare, Inc. (NYSE:KND) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, May 5th.

According to Zacks, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business. “

A number of other brokerages have also recently commented on KND. Royal Bank of Canada cut Kindred Healthcare from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 31st. Mizuho boosted their target price on Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, February 28th. Four equities 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. The company currently has an average rating of “Hold” and an average price target of $10.44.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

Kindred Healthcare (NYSE:KND) traded up 1.50% during trading on Friday, hitting $10.15. 57,423 shares of the stock were exchanged. Kindred Healthcare has a 52 week low of $5.65 and a 52 week high of $12.84. The stock’s market capitalization is $869.17 million. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $8.03.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. Kindred Healthcare had a positive return on equity of 5.78% and a negative net margin of 8.31%. Equities research analysts anticipate that Kindred Healthcare will post $0.53 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Highbridge Capital Management LLC acquired a new stake in shares of Kindred Healthcare during the fourth quarter worth about $300,000. BlackRock Fund Advisors increased its position in shares of Kindred Healthcare by 8.2% in the third quarter. BlackRock Fund Advisors now owns 6,465,561 shares of the health services provider’s stock worth $66,078,000 after buying an additional 489,417 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Kindred Healthcare by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 259,280 shares of the health services provider’s stock worth $2,035,000 after buying an additional 65,400 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Kindred Healthcare by 10.7% in the third quarter. UBS Asset Management Americas Inc. now owns 113,881 shares of the health services provider’s stock worth $1,164,000 after buying an additional 11,000 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Kindred Healthcare by 5.5% in the fourth quarter. Comerica Bank now owns 90,575 shares of the health services provider’s stock worth $693,000 after buying an additional 4,686 shares in the last quarter. 94.84% of the stock is owned by institutional investors and hedge funds.

About Kindred Healthcare

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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