Kindred Healthcare, Inc. (KND) Holdings Lifted by Bank of New York Mellon Corp
Bank of New York Mellon Corp boosted its holdings in shares of Kindred Healthcare, Inc. (NYSE:KND) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,488,869 shares of the health services provider’s stock after acquiring an additional 34,553 shares during the period. Bank of New York Mellon Corp owned approximately 1.74% of Kindred Healthcare worth $17,345,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Alps Advisors Inc. bought a new position in Kindred Healthcare during the second quarter worth about $340,000. SG Americas Securities LLC lifted its holdings in Kindred Healthcare by 35.8% during the second quarter. SG Americas Securities LLC now owns 28,396 shares of the health services provider’s stock worth $331,000 after acquiring an additional 7,481 shares in the last quarter. Gargoyle Investment Advisor L.L.C. bought a new position in Kindred Healthcare during the second quarter worth about $337,000. Rhumbline Advisers lifted its holdings in Kindred Healthcare by 0.3% during the second quarter. Rhumbline Advisers now owns 178,931 shares of the health services provider’s stock worth $2,085,000 after acquiring an additional 449 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Kindred Healthcare by 0.7% during the second quarter. Arizona State Retirement System now owns 44,664 shares of the health services provider’s stock worth $520,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Shares of Kindred Healthcare, Inc. (NYSE KND) opened at 6.65 on Tuesday. The firm’s market cap is $578.68 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 price of $7.70 and a 200 day moving average price of $9.27.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Analysts anticipate that Kindred Healthcare, Inc. will post $0.47 EPS for the current year.
Several research analysts have weighed in on KND shares. BidaskClub lowered Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Deutsche Bank AG reduced their target price 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 reiterated a “neutral” rating and set a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Kindred Healthcare has an average rating of “Hold” and an average price target of $9.81.
Kindred Healthcare Profile
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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