Stock of the Day: Will Kindred Healthcare, Inc. Short Squeeze Soon?

Stock of the Day: Will Kindred Healthcare, Inc. Short Squeeze Soon?

The stock of Kindred Healthcare, Inc. (NYSE:KND) hit a new 52-week low and has $7.68 target or 8.00% below today’s $8.35 share price. The 9 months bearish chart indicates high risk for the $628.75M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $7.68 price target is reached, the company will be worth $50.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 513,696 shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 34.89% since April 4, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.

Kindred Healthcare, Inc. (NYSE:KND) Ratings Coverage

Out of 7 analysts covering Kindred Healthcare Inc. (NYSE:KND), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Kindred Healthcare Inc. has been the topic of 16 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. As per Tuesday, August 9, the company rating was maintained by UBS. The stock has “Overweight” rating given by Barclays Capital on Friday, November 6. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Outperform” rating by RBC Capital Markets on Monday, March 7. Avondale downgraded the shares of KND in a report on Friday, December 18 to “Mkt Perform” rating. Wells Fargo downgraded the shares of KND in a report on Thursday, November 5 to “Market Perform” rating. Mizuho initiated it with “Neutral” rating and $16.75 target price in Thursday, October 1 report. The rating was maintained by Mizuho with “Neutral” on Wednesday, November 11. As per Wednesday, September 16, the company rating was initiated by JP Morgan. The company was maintained on Thursday, January 14 by Mizuho.

According to Zacks Investment Research, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.61, from 1.71 in 2016Q1. The ratio dropped, as 41 funds sold all Kindred Healthcare, Inc. shares owned while 45 reduced positions. 25 funds bought stakes while 70 increased positions. They now own 80.37 million shares or 1.58% less from 81.66 million shares in 2016Q1.
Menta Capital Ltd Limited Liability Company has 0.08% invested in the company for 50,801 shares. Ameriprise Fincl Inc accumulated 751,204 shares or 0% of the stock. Renaissance Techs Limited Co holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 45,080 shares. State Street holds 2.26M shares or 0% of its portfolio. Barclays Public Ltd Company holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 108,436 shares. Gabelli Funds Ltd Liability Com reported 617,356 shares or 0.04% of all its holdings. Pub Sector Pension Board accumulated 60,325 shares or 0.01% of the stock. Principal Fincl Group Inc holds 0.01% or 618,316 shares in its portfolio. Petrus Tru Lta, a Texas-based fund reported 15,465 shares. Ubs Asset Mgmt Americas Inc holds 102,881 shares or 0% of its portfolio. Jacobs Levy Equity Mngmt Inc holds 316,587 shares or 0.07% of its portfolio. Oppenheimer & Incorporated has 31,000 shares for 0.01% of their US portfolio. Nomura Asset Mgmt Ltd accumulated 0% or 6,300 shares. Suntrust Banks holds 0% or 14,010 shares in its portfolio. Systematic L P holds 0.02% or 147,942 shares in its portfolio.

More news for Kindred Healthcare, Inc. (NYSE:KND) were recently published by: Businesswire.com, which released: “Kindred Healthcare and Mercy Medical Center – Des Moines Announce Plans for …” on October 27, 2016. Streetinsider.com‘s article titled: “Form 3 KINDRED HEALTHCARE, INC For: Nov 02 Filed by: Simon Lynn T” and published on November 03, 2016 is yet another important article.

KND 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. The Firm operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. The Company’s divisions represent six divisions, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.

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