Kindred Healthcare, Inc. (KND) Shares Sold by Frontier Wealth Management LLC
Frontier Wealth Management LLC cut its position in Kindred Healthcare, Inc. (NYSE:KND) by 24.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,581 shares of the health services provider’s stock after selling 6,773 shares during the quarter. Frontier Wealth Management LLC’s holdings in Kindred Healthcare were worth $240,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KND. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Kindred Healthcare in the 1st quarter valued at about $121,000. Two Sigma Securities LLC boosted its position in shares of Kindred Healthcare by 54.5% in the 1st quarter. Two Sigma Securities LLC now owns 15,632 shares of the health services provider’s stock valued at $131,000 after purchasing an additional 5,511 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Kindred Healthcare in the 1st quarter valued at about $133,000. Amalgamated Bank boosted its position in shares of Kindred Healthcare by 0.9% in the 2nd quarter. Amalgamated Bank now owns 11,518 shares of the health services provider’s stock valued at $134,000 after purchasing an additional 108 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Kindred Healthcare by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 19,906 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 1,297 shares during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.
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Shares of Kindred Healthcare, Inc. (KND) opened at 6.80 on Friday. Kindred Healthcare, Inc. has a 52-week low of $5.50 and a 52-week high of $11.90. The firm’s 50-day moving average price is $7.62 and its 200-day moving average price is $9.24. The firm’s market capitalization is $591.73 million.
Kindred Healthcare (NYSE:KND) last posted its earnings results on Thursday, August 3rd. The health services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.59 billion. Kindred Healthcare had a positive return on equity of 3.49% and a negative net margin of 16.31%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. On average, equities analysts predict that Kindred Healthcare, Inc. will post $0.35 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on KND. Deutsche Bank AG reissued a “hold” rating and issued a $9.00 target price (down from $10.00) on shares of Kindred Healthcare in a research report on Monday, September 18th. Mizuho reissued a “neutral” rating and issued a $9.00 target price on shares of Kindred Healthcare in a research report on Monday, July 3rd. BidaskClub cut Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Kindred Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Finally, Royal Bank Of Canada decreased their price objective on Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Thursday, September 21st. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.17.
Kindred Healthcare 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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