Stock Worth Mentioning: After Today’s Huge Increase, Is Kindred Healthcare, Inc.’s Near-Term Analysis Positive?

Stock Worth Mentioning: After Today's Huge Increase, Is Kindred Healthcare, Inc.'s Near Term Analysis Positive?

The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 480,230 shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 33.71% since April 5, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.
The move comes after 5 months positive chart setup for the $662.64 million company. It was reported on Nov, 7 by Barchart.com. We have $13.38 PT which if reached, will make NYSE:KND worth $344.57 million more.

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. On Thursday, January 14 the stock rating was maintained by Mizuho with “Neutral”. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Neutral” rating by UBS on Tuesday, August 9. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Overweight” rating given on Friday, November 6 by Barclays Capital. Mizuho maintained the shares of KND in a report on Wednesday, November 11 with “Neutral” rating. On Thursday, November 5 the stock rating was downgraded by Wells Fargo to “Market Perform”. Avondale downgraded the shares of KND in a report on Friday, December 18 to “Mkt Perform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. The firm has “Neutral” rating by Mizuho given on Thursday, October 1. The firm has “Neutral” rating by Mizuho given on Wednesday, July 6. RBC Capital Markets maintained the shares of KND in a report on Monday, March 7 with “Outperform” rating.

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.
Hsbc Holdg Pcl accumulated 0% or 84,753 shares. Allianz Asset Mngmt Ag has invested 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Kennedy Mgmt reported 185,521 shares or 0.04% of all its holdings. Public Sector Pension Inv Board reported 60,325 shares or 0.01% of all its holdings. Paradigm Asset Limited Liability Corp last reported 0% of its portfolio in the stock. Gamco Investors Incorporated Et Al owns 185,046 shares or 0.01% of their US portfolio. Profund Advsrs Ltd Liability Company has 0.02% invested in the company for 27,640 shares. Morgan Stanley has invested 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Louisiana State Employees Retirement System, a Louisiana-based fund reported 37,700 shares. The Missouri-based Parkside Fincl Bank Trust has invested 0.01% in Kindred Healthcare, Inc. (NYSE:KND). Voya Invest Management Limited Com has 0% invested in the company for 35,799 shares. Cornercap Inv Counsel Inc owns 46,275 shares or 0.1% of their US portfolio. Bessemer Gru Inc holds 3,480 shares or 0% of its portfolio. The New York-based New York State Common Retirement Fund has invested 0% in Kindred Healthcare, Inc. (NYSE:KND). Moreover, Menta Cap Limited Co has 0.08% invested in Kindred Healthcare, Inc. (NYSE:KND) for 50,801 shares.

Another recent and important Kindred Healthcare, Inc. (NYSE:KND) news was published by Businesswire.com which published an article titled: “Kindred Healthcare and Mercy Medical Center – Des Moines Announce Plans for …” on October 27, 2016.

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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