State Street Corp raised its position in Kindred Healthcare, Inc. (NYSE:KND) by 5.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,336,912 shares of the health services provider’s stock after purchasing an additional 114,598 shares during the period. State Street Corp owned 2.69% of Kindred Healthcare worth $27,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank lifted 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 worth $134,000 after purchasing an additional 108 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Kindred Healthcare by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 34,900 shares of the health services provider’s stock worth $407,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Kindred Healthcare by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 48,725 shares of the health services provider’s stock worth $568,000 after purchasing an additional 240 shares during the period. Arizona State Retirement System increased its stake in shares of Kindred Healthcare by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 44,664 shares of the health services provider’s stock valued at $520,000 after acquiring an additional 300 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Kindred Healthcare by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 178,931 shares of the health services provider’s stock valued at $2,085,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

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Shares of Kindred Healthcare, Inc. (NYSE KND) opened at $7.50 on Monday. The firm has a market cap of $651.99, a price-to-earnings ratio of 37.50 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 one year low of $5.50 and a one year 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, beating the Zacks’ consensus estimate of ($0.19) by $0.08. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. Kindred Healthcare’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. analysts expect that Kindred Healthcare, Inc. will post 0.29 earnings per share for the current fiscal year.

KND has been the subject of several research analyst reports. BidaskClub lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Deutsche Bank AG lowered their price objective on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada lowered their price objective on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. Finally, Bank of America Corporation lowered their price objective on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating for the company in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.17.

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

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