Kindred Healthcare, Inc. (NYSE:KND) Downgraded by BidaskClub to Hold

BidaskClub cut shares of Kindred Healthcare, Inc. (NYSE:KND) from a buy rating to a hold rating in a report issued on Wednesday.

KND has been the subject of a number of other reports. Royal Bank Of Canada reiterated a hold rating and issued a $10.00 price target on shares of Kindred Healthcare in a research note on Friday, May 5th. UBS AG reiterated a neutral rating and issued a $10.50 price target (up from $8.00) on shares of Kindred Healthcare in a research note on Friday, May 5th. Zacks Investment Research upgraded Kindred Healthcare from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Wednesday, May 3rd. Mizuho reiterated a neutral rating and issued a $9.00 price target on shares of Kindred Healthcare in a research note on Monday, July 3rd. Finally, Barclays PLC reiterated a buy rating and issued a $13.00 price target (up from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $10.06.

Shares of Kindred Healthcare (NYSE KND) opened at 11.25 on Wednesday. Kindred Healthcare has a 12-month low of $5.65 and a 12-month high of $12.55. The company’s market capitalization is $963.37 million. The company has a 50-day moving average price of $10.51 and a 200 day moving average price of $8.73.

Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $1.77 billion during 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, equities analysts anticipate that Kindred Healthcare will post $0.49 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. TFS Capital LLC purchased a new position in shares of Kindred Healthcare during the first quarter worth $104,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Kindred Healthcare during the first quarter worth $121,000. First Citizens Bank & Trust Co. raised its position in shares of Kindred Healthcare by 8.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,462 shares of the health services provider’s stock worth $129,000 after buying an additional 1,260 shares in the last quarter. Two Sigma Securities LLC raised its position in shares of Kindred Healthcare by 54.5% in the first 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 in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Kindred Healthcare during the first quarter worth $133,000. 89.50% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Kindred Healthcare (NYSE:KND)

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