Kindred Healthcare (KND) Sees Large Volume Increase
Shares of Kindred Healthcare, Inc. (NYSE:KND) saw unusually-strong trading volume on Monday . Approximately 3,002,560 shares traded hands during trading, an increase of 151% from the previous session’s volume of 1,194,301 shares.The stock last traded at $8.55 and had previously closed at $7.85.
Several equities analysts have commented on KND shares. ValuEngine raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Stifel Nicolaus raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a report on Monday, November 20th. Zacks Investment Research cut shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America lowered their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Thursday, September 21st. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $9.00 price target (down previously from $10.00) on shares of Kindred Healthcare in a report on Monday, September 18th. Two 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. The stock currently has an average rating of “Hold” and an average target price of $8.86.
The firm has a market cap of $743.27, a P/E ratio of 42.75, a P/E/G ratio of 3.56 and a beta of 1.21. The company has a current ratio of 1.55, a quick ratio of 1.53 and a debt-to-equity ratio of 6.22.
Kindred Healthcare (NYSE:KND) last issued its quarterly earnings data on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.08. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.44 billion. Kindred Healthcare had a negative net margin of 8.06% and a positive return on equity of 2.29%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. sell-side analysts predict that Kindred Healthcare, Inc. will post 0.32 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of KND. JPMorgan Chase & Co. grew its stake in Kindred Healthcare by 149.4% during the second quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after acquiring an additional 1,260,753 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Kindred Healthcare by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 1,488,869 shares of the health services provider’s stock valued at $17,345,000 after acquiring an additional 34,553 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its stake in shares of Kindred Healthcare by 39.6% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,238,980 shares of the health services provider’s stock worth $8,425,000 after buying an additional 351,280 shares in the last quarter. BlackRock Inc. grew its stake in shares of Kindred Healthcare by 0.3% in the 2nd quarter. BlackRock Inc. now owns 10,808,864 shares of the health services provider’s stock worth $125,923,000 after buying an additional 29,673 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Kindred Healthcare by 8.1% in the 2nd quarter. Teachers Advisors LLC now owns 162,452 shares of the health services provider’s stock worth $1,893,000 after buying an additional 12,132 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/kindred-healthcare-knd-sees-large-volume-increase/1760965.html.
About Kindred Healthcare
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.
Receive News & Ratings for Kindred Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Healthcare and related companies with Analyst Ratings Network's FREE daily email newsletter.