Bank of New York Mellon Corp decreased its position in Kindred Healthcare, Inc. (NYSE:KND) by 3.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,121,787 shares of the health services provider’s stock after selling 44,556 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.23% of Kindred Healthcare worth $10,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Kindred Healthcare during the 2nd quarter worth $174,000. Virtu Financial LLC grew its stake in Kindred Healthcare by 230.9% during the 2nd quarter. Virtu Financial LLC now owns 33,639 shares of the health services provider’s stock worth $303,000 after buying an additional 23,472 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Kindred Healthcare during the 2nd quarter worth $970,000. Eqis Capital Management Inc. purchased a new position in Kindred Healthcare during the 2nd quarter worth $321,000. Finally, Kassirer Asset Management Corp grew its stake in Kindred Healthcare by 167.2% during the 2nd quarter. Kassirer Asset Management Corp now owns 305,730 shares of the health services provider’s stock worth $2,752,000 after buying an additional 191,300 shares during the last quarter. 88.35% of the stock is currently owned by hedge funds and other institutional investors.

Kindred Healthcare stock opened at $9.00 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 10.04. The stock has a market cap of $821.35 million, a price-to-earnings ratio of 26.47 and a beta of 1.05. Kindred Healthcare, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $11.90.

Separately, ValuEngine upgraded Kindred Healthcare from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Kindred Healthcare presently has a consensus rating of “Hold” and a consensus target price of $8.63.

Kindred Healthcare Profile

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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Institutional Ownership by Quarter for Kindred Healthcare (NYSE:KND)

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