Kindred Healthcare, Inc. (KND) Holdings Raised by Legal & General Group Plc
Legal & General Group Plc raised its holdings in shares of Kindred Healthcare, Inc. (NYSE:KND) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 355,649 shares of the health services provider’s stock after purchasing an additional 3,018 shares during the quarter. Legal & General Group Plc owned 0.42% of Kindred Healthcare worth $4,143,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. TFS Capital LLC bought a new position in Kindred Healthcare during the 1st quarter worth approximately $104,000. Point72 Asia Hong Kong Ltd bought a new position in Kindred Healthcare during the 1st quarter worth approximately $121,000. Two Sigma Securities LLC lifted its holdings in Kindred Healthcare by 54.5% during the 1st quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock worth $131,000 after buying an additional 5,511 shares during the last quarter. Paloma Partners Management Co bought a new position in Kindred Healthcare during the 1st quarter worth approximately $133,000. Finally, 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 last quarter. Hedge funds and other institutional investors own 88.72% of the company’s stock.
Shares of Kindred Healthcare, Inc. (NYSE KND) opened at 7.60 on Wednesday. The firm’s 50-day moving average price is $8.12 and its 200 day moving average price is $9.32. The company’s market cap is $661.34 million. Kindred Healthcare, Inc. has a 52 week low of $5.65 and a 52 week high of $11.90.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Kindred Healthcare, Inc. will post $0.47 EPS for the current fiscal year.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. BidaskClub downgraded Kindred Healthcare from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Deutsche Bank AG cut their price target on Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Finally, Mizuho reissued a “neutral” rating and issued a $9.00 price target on shares of Kindred Healthcare in a report on Monday, July 3rd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.94.
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About Kindred Healthcare
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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