Pacer Advisors Inc. held its stake in Kindred Healthcare, Inc. (NYSE:KND) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,401 shares of the health services provider’s stock at the end of the second quarter. Pacer Advisors Inc.’s holdings in Kindred Healthcare were worth $191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KND. BlackRock Inc. increased its stake in shares of Kindred Healthcare by 41,968.4% during the 1st quarter. BlackRock Inc. now owns 10,779,191 shares of the health services provider’s stock worth $90,006,000 after purchasing an additional 10,753,568 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Kindred Healthcare by 40.9% during the 1st quarter. Wellington Management Group LLP now owns 7,945,247 shares of the health services provider’s stock worth $66,342,000 after purchasing an additional 2,307,814 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Kindred Healthcare by 303.1% during the 1st quarter. Point72 Asset Management L.P. now owns 1,734,899 shares of the health services provider’s stock worth $14,486,000 after purchasing an additional 1,304,499 shares in the last quarter. Bogle Investment Management L P DE purchased a new position in shares of Kindred Healthcare during the 1st quarter worth approximately $3,085,000. Finally, Acadian Asset Management LLC increased its stake in shares of Kindred Healthcare by 109.3% during the 2nd quarter. Acadian Asset Management LLC now owns 510,614 shares of the health services provider’s stock worth $5,947,000 after purchasing an additional 266,665 shares in the last quarter. 88.72% of the stock is owned by institutional investors and hedge funds.

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KND has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. BidaskClub cut shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Deutsche Bank AG dropped their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Finally, Mizuho reissued a “neutral” rating and set a $9.00 price objective on shares of Kindred Healthcare in a research note on Monday, July 3rd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Kindred Healthcare has an average rating of “Hold” and a consensus target price of $9.94.

Shares of Kindred Healthcare, Inc. (KND) opened at 7.25 on Friday. The stock’s market capitalization is $630.89 million. Kindred Healthcare, Inc. has a 1-year low of $5.65 and a 1-year high of $11.90. The firm has a 50-day moving average of $7.78 and a 200 day moving average of $9.28.

Kindred Healthcare (NYSE:KND) last released its earnings results on Thursday, August 3rd. The health services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Kindred Healthcare, Inc. will post $0.47 earnings per share for the current fiscal year.

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.

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

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