Kindred Healthcare, Inc. (KND) Holdings Boosted by Phoenix Investment Adviser LLC
Phoenix Investment Adviser LLC grew its holdings in shares of Kindred Healthcare, Inc. (NYSE:KND) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,500 shares of the health services provider’s stock after purchasing an additional 28,500 shares during the period. Kindred Healthcare makes up about 1.1% of Phoenix Investment Adviser LLC’s holdings, making the stock its 13th biggest position. Phoenix Investment Adviser LLC owned approximately 0.24% of Kindred Healthcare worth $1,411,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new position in Kindred Healthcare during the 2nd quarter worth approximately $130,000. Amalgamated Bank increased its position 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 purchasing an additional 108 shares during the period. Paloma Partners Management Co acquired a new position in Kindred Healthcare during the 1st quarter worth approximately $133,000. State of Alaska Department of Revenue increased its position 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 purchasing an additional 7,516 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Kindred Healthcare during the 2nd quarter worth approximately $216,000. Institutional investors own 88.62% of the company’s stock.
Shares of Kindred Healthcare, Inc. (NYSE KND) traded up $0.40 during trading hours on Friday, hitting $8.20. The stock had a trading volume of 841,700 shares, compared to its average volume of 1,198,287. The stock has a market cap of $712.85, a price-to-earnings ratio of 41.00 and a beta of 1.12. 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 fifty-two week low of $5.50 and a fifty-two week high of $11.90.
Kindred Healthcare (NYSE:KND) last announced its quarterly earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.44 billion. Kindred Healthcare had a positive return on equity of 2.29% and a negative net margin of 8.06%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. sell-side analysts expect that Kindred Healthcare, Inc. will post 0.27 EPS for the current year.
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KND has been the topic of several recent analyst reports. Zacks Investment Research upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Deutsche Bank AG decreased their price target on Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. Stifel Nicolaus raised Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research note on Monday. Finally, Bank of America Corporation decreased their price target on Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.86.
Kindred Healthcare Company 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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