An issue of Kindred Healthcare, Inc. (NYSE:KND) debt rose 2.3% against its face value during trading on Tuesday. The debt issue has a 8% coupon and will mature on January 15, 2020. The debt is now trading at $108.00 and was trading at $100.70 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

A number of analysts recently issued reports on the company. Mizuho set a $9.00 price target on Kindred Healthcare and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $8.50 price target (up previously from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. Zacks Investment Research upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus upgraded Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.07.

Kindred Healthcare, Inc. (NYSE:KND) traded up $0.05 during trading on Thursday, reaching $9.15. The company’s stock had a trading volume of 4,840,500 shares, compared to its average volume of 1,304,803. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.53 and a current ratio of 1.55. The stock has a market capitalization of $791.09, a price-to-earnings ratio of 45.50, a P/E/G ratio of 3.79 and a beta of 1.21. Kindred Healthcare, Inc. has a one year low of $5.50 and a one year high of $11.90.

Kindred Healthcare (NYSE:KND) last posted its earnings results on Monday, November 6th. The health services provider reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08. The company had revenue of $1.48 billion during 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%. Kindred Healthcare’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. research analysts anticipate that Kindred Healthcare, Inc. will post 0.32 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of KND. JPMorgan Chase & Co. lifted its holdings in Kindred Healthcare by 69.8% during the third quarter. JPMorgan Chase & Co. now owns 3,572,684 shares of the health services provider’s stock worth $24,830,000 after buying an additional 1,468,066 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Kindred Healthcare by 102.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock worth $20,431,000 after purchasing an additional 886,906 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kindred Healthcare by 8.6% during the second quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after purchasing an additional 635,000 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Kindred Healthcare by 232.3% during the second quarter. Bank of Nova Scotia now owns 876,317 shares of the health services provider’s stock worth $10,209,000 after purchasing an additional 612,598 shares in the last quarter. Finally, Glenview Capital Management LLC increased its position in shares of Kindred Healthcare by 18.8% during the second quarter. Glenview Capital Management LLC now owns 2,374,713 shares of the health services provider’s stock worth $27,665,000 after purchasing an additional 375,000 shares in the last quarter. Institutional investors own 89.59% of the company’s stock.

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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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