Oxford Asset Management Invests $1.72 Million in Kindred Healthcare, Inc. (KND)
Oxford Asset Management acquired a new position in shares of Kindred Healthcare, Inc. (NYSE:KND) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 206,192 shares of the health services provider’s stock, valued at approximately $1,722,000. Oxford Asset Management owned approximately 0.24% of Kindred Healthcare as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Glenview Capital Management LLC acquired a new stake in shares of Kindred Healthcare during the fourth quarter worth $15,698,000. Norges Bank purchased a new position in shares of Kindred Healthcare during the fourth quarter valued at approximately $8,342,000. Royce & Associates LP increased its position in shares of Kindred Healthcare by 328.7% in the fourth quarter. Royce & Associates LP now owns 921,650 shares of the health services provider’s stock valued at $7,235,000 after buying an additional 706,650 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Kindred Healthcare during the fourth quarter worth about $4,406,000. Finally, State Street Corp increased its position in shares of 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. Institutional investors own 91.08% of the company’s stock.
Kindred Healthcare, Inc. (NYSE:KND) traded down 1.179% on Friday, hitting $10.475. The stock had a trading volume of 359,561 shares. The company has a 50-day moving average of $10.25 and a 200 day moving average of $8.44. The company’s market cap is $897.01 million. Kindred Healthcare, Inc. has a 12 month low of $5.65 and a 12 month high of $12.55.
Kindred Healthcare (NYSE:KND) last issued its earnings results on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Kindred Healthcare had a positive return on equity of 4.08% and a negative net margin of 9.55%. On average, analysts predict that Kindred Healthcare, Inc. will post $0.53 EPS for the current fiscal year.
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A number of analysts have recently commented on KND shares. Zacks Investment Research upgraded shares of Kindred Healthcare from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Wednesday, May 3rd. Barclays PLC reiterated a “buy” rating and issued a $13.00 price target (up previously from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Royal Bank of Canada restated a “hold” rating and set a $10.00 target price on shares of Kindred Healthcare in a research note on Monday, May 15th. Finally, Mizuho upped their target price on shares of Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research note on Tuesday, February 28th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Kindred Healthcare has an average rating of “Hold” and a consensus target price of $10.44.
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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