Kindred Healthcare (KND) Sees Large Volume Increase

Kindred Healthcare (NYSE:KND) shares saw an uptick in trading volume on Monday . 1,535,241 shares traded hands during trading, an increase of 4% from the previous session’s volume of 1,478,157 shares.The stock last traded at $9.00 and had previously closed at $8.95.

Several research firms recently commented on KND. TheStreet lowered shares of Kindred Healthcare from a “c-” rating to a “d+” rating in a research report on Tuesday, May 15th. Zacks Investment Research lowered shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Finally, ValuEngine lowered shares of Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Kindred Healthcare presently has an average rating of “Hold” and a consensus price target of $8.33.

The stock has a market cap of $821.35 million, a PE ratio of 26.47 and a beta of 1.13. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 10.04.

Kindred Healthcare (NYSE:KND) last announced its earnings results on Wednesday, February 28th. The health services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Kindred Healthcare had a negative net margin of 11.56% and a positive return on equity of 11.38%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. research analysts expect that Kindred Healthcare will post 0.64 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in shares of Kindred Healthcare in the fourth quarter valued at about $109,000. Ancora Advisors LLC acquired a new stake in shares of Kindred Healthcare in the first quarter valued at about $137,000. Engineers Gate Manager LP acquired a new stake in shares of Kindred Healthcare in the fourth quarter valued at about $153,000. Investors Research Corp acquired a new stake in shares of Kindred Healthcare in the fourth quarter valued at about $239,000. Finally, Caption Management LLC acquired a new stake in shares of Kindred Healthcare in the fourth quarter valued at about $272,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

About Kindred Healthcare

Kindred Healthcare, Inc provides healthcare services in the United States. It operates through five segments: Home Health Services, Hospice Services, Hospitals, Kindred Hospital Rehabilitation Services, and RehabCare. The company provides long-term acute care (LTAC) services to post-intensive care and medically complex patients, including the critically ill and suffering from multiple organ system failures most commonly of the cardiovascular, pulmonary, kidney, gastro-intestinal, and cutaneous systems.

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