Credit Agricole S A lowered its position in shares of Kindred Healthcare, Inc. (NYSE:KND) by 50.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,200 shares of the health services provider’s stock after selling 408,600 shares during the period. Credit Agricole S A owned about 0.47% of Kindred Healthcare worth $3,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Kindred Healthcare during the fourth quarter worth approximately $8,342,000. Royce & Associates LP raised its position in Kindred Healthcare by 328.7% in the fourth quarter. Royce & Associates LP now owns 921,650 shares of the health services provider’s stock worth $7,235,000 after buying an additional 706,650 shares during the period. Russell Investments Group Ltd. purchased a new position in Kindred Healthcare during the fourth quarter worth approximately $4,406,000. State Street Corp raised its position in Kindred Healthcare by 12.6% in the fourth quarter. State Street Corp now owns 2,249,345 shares of the health services provider’s stock worth $17,661,000 after buying an additional 252,206 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Kindred Healthcare during the first quarter worth approximately $2,037,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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

Kindred Healthcare, Inc. (KND) remained flat at $10.60 during trading on Friday. The stock had a trading volume of 1,198,232 shares. The company’s market capitalization is $907.71 million. Kindred Healthcare, Inc. has a 52 week low of $5.65 and a 52 week high of $12.55. The company has a 50-day moving average price of $10.29 and a 200-day moving average price of $8.47.

Kindred Healthcare (NYSE:KND) last posted its quarterly earnings results on Wednesday, May 3rd. The health services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Kindred Healthcare had a negative net margin of 9.55% and a positive return on equity of 4.08%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, analysts expect that Kindred Healthcare, Inc. will post $0.53 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 target price on shares of Kindred Healthcare in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Kindred Healthcare from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, May 3rd. Barclays PLC restated a “buy” rating and set a $13.00 price target (up from $11.00) on shares of Kindred Healthcare in a research report on Sunday, May 7th. Finally, Mizuho upped their price target on shares of Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, February 28th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.93.

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.

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