Kindred Healthcare, Inc. (NYSE:KND) traded up 5.5% on Friday . The company traded as high as $8.60 and last traded at $8.60. 2,163,471 shares were traded during mid-day trading, an increase of 78% from the average session volume of 1,214,011 shares. The stock had previously closed at $8.15.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Stifel Nicolaus raised Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research note on Monday, November 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $8.50 price objective (up from $7.50) on shares of Kindred Healthcare in a research note on Thursday, November 9th. ValuEngine raised Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $7.50 price objective (down from $8.00) on shares of Kindred Healthcare in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.86.

The company 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 debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53.

Kindred Healthcare (NYSE:KND) last released its earnings results on Monday, November 6th. The health services provider reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. equities research analysts predict that Kindred Healthcare, Inc. will post 0.32 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in KND. JPMorgan Chase & Co. lifted its holdings in Kindred Healthcare by 69.8% during the 3rd 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in Kindred Healthcare by 102.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,753,787 shares of the health services provider’s stock worth $20,431,000 after buying an additional 886,906 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kindred Healthcare by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock worth $93,572,000 after buying an additional 635,000 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Kindred Healthcare by 232.3% during the 2nd quarter. Bank of Nova Scotia now owns 876,317 shares of the health services provider’s stock worth $10,209,000 after buying an additional 612,598 shares during the last quarter. Finally, Glenview Capital Management LLC lifted its holdings in Kindred Healthcare by 18.8% during the 2nd quarter. Glenview Capital Management LLC now owns 2,374,713 shares of the health services provider’s stock worth $27,665,000 after buying an additional 375,000 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

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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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