The Manufacturers Life Insurance Company Trims Holdings in Kindred Healthcare, Inc. (KND)
The Manufacturers Life Insurance Company trimmed its holdings in shares of Kindred Healthcare, Inc. (NYSE:KND) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,472 shares of the health services provider’s stock after selling 867 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Kindred Healthcare worth $764,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KND. Janus Henderson Group PLC bought a new stake in Kindred Healthcare during the 2nd quarter worth approximately $130,000. Paloma Partners Management Co bought a new stake in Kindred Healthcare during the 1st quarter worth approximately $133,000. Amalgamated Bank grew its holdings in Kindred Healthcare by 0.9% during the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock worth $134,000 after acquiring an additional 108 shares during the last quarter. State of Alaska Department of Revenue grew 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 acquiring an additional 7,516 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Kindred Healthcare by 11.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 24,305 shares of the health services provider’s stock worth $203,000 after acquiring an additional 2,506 shares during the last quarter. 87.08% of the stock is currently owned by hedge funds and other institutional investors.
KND has been the topic of a number of research reports. Zacks Investment Research lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Kindred Healthcare in a research note on Monday, September 18th. BidaskClub lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and issued a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Kindred Healthcare currently has a consensus rating of “Hold” and a consensus price target of $9.17.
Shares of Kindred Healthcare, Inc. (NYSE:KND) opened at $7.60 on Friday. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53. Kindred Healthcare, Inc. has a 12 month low of $5.50 and a 12 month high of $11.90. The company has a market cap of $673.73, a price-to-earnings ratio of 38.00 and a beta of 1.11.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.08. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $0.05 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis. sell-side analysts anticipate that Kindred Healthcare, Inc. will post 0.29 earnings per share for the current year.
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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