Nationwide Fund Advisors raised its stake in shares of Kindred Healthcare Inc. (NYSE:KND) by 61.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,731 shares of the company’s stock after buying an additional 58,220 shares during the period. Nationwide Fund Advisors owned approximately 0.18% of Kindred Healthcare worth $1,736,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in KND. BlackRock Fund Advisors increased its stake in shares of Kindred Healthcare by 1.3% in the first quarter. BlackRock Fund Advisors now owns 5,704,571 shares of the company’s stock valued at $70,451,000 after buying an additional 73,635 shares during the period. LSV Asset Management raised its position in Kindred Healthcare by 23.3% in the second quarter. LSV Asset Management now owns 4,133,305 shares of the company’s stock worth $46,665,000 after buying an additional 780,048 shares in the last quarter. State Street Corp raised its position in Kindred Healthcare by 11.3% in the first quarter. State Street Corp now owns 2,120,897 shares of the company’s stock worth $26,191,000 after buying an additional 215,718 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Kindred Healthcare by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,093,512 shares of the company’s stock worth $25,855,000 after buying an additional 36,101 shares in the last quarter. Finally, Boston Partners raised its position in Kindred Healthcare by 1.0% in the second quarter. Boston Partners now owns 1,395,259 shares of the company’s stock worth $15,752,000 after buying an additional 13,227 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.
Kindred Healthcare Inc. (NYSE:KND) traded down 1.64% during midday trading on Friday, hitting $9.58. 455,715 shares of the stock traded hands. Kindred Healthcare Inc. has a 1-year low of $7.96 and a 1-year high of $15.66. The firm has a market cap of $816.72 million, a P/E ratio of 12.38 and a beta of 1.58. The company has a 50-day moving average price of $10.28 and a 200-day moving average price of $11.69.
Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Kindred Healthcare had a net margin of 0.94% and a return on equity of 6.23%. The company earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. Analysts predict that Kindred Healthcare Inc. will post $0.90 EPS for the current year.
A number of equities analysts have recently weighed in on KND shares. Avondale Partners reissued a “hold” rating on shares of Kindred Healthcare in a research report on Saturday, June 18th. Mizuho cut their price objective on shares of Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $11.00 price objective on shares of Kindred Healthcare in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.57.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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