Today’s Price Action: After Today’s Significant Decline, Is Kindred Healthcare, Inc.’s Near-Term Analysis Negative?

Today's Price Action: After Today's Significant Decline, Is Kindred Healthcare, Inc.'s Near Term Analysis Negative?

The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 5.83 million shares traded hands or 566.43% up from the average. Kindred Healthcare, Inc. (NYSE:KND) has declined 30.99% since April 6, 2016 and is downtrending. It has underperformed by 32.95% the S&P500.
The move comes after 9 months negative chart setup for the $573.12 million company. It was reported on Nov, 8 by Barchart.com. We have $5.80 PT which if reached, will make NYSE:KND worth $45.85 million less.

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

Out of 8 analysts covering Kindred Healthcare Inc. (NYSE:KND), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Kindred Healthcare Inc. has been the topic of 18 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was maintained by Mizuho with “Neutral” on Wednesday, November 11. JP Morgan initiated the shares of KND in a report on Wednesday, September 16 with “Neutral” rating. The rating was initiated by Mizuho on Thursday, October 1 with “Neutral”. The company was downgraded on Friday, December 18 by Avondale. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Market Perform” rating by Wells Fargo on Thursday, November 5. The stock has “Outperform” rating given by RBC Capital Markets on Monday, March 7. Mizuho maintained it with “Neutral” rating and $9 target price in Thursday, January 14 report. As per Tuesday, August 9, the company rating was maintained by UBS. The company was maintained on Friday, November 6 by Barclays Capital. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Sell” rating given on Tuesday, November 8 by Stifel Nicolaus.

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 dived, 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.
Martingale Asset Mgmt Ltd Partnership holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 14,600 shares. Carroll Finance Assoc holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 1,625 shares. Moreover, Bessemer Inc has 0% invested in Kindred Healthcare, Inc. (NYSE:KND) for 3,480 shares. Secor Advsrs Limited Partnership accumulated 106,835 shares or 0.15% of the stock. Metropolitan Life Ny reported 60,237 shares or 0.01% of all its holdings. Ls Investment Advsrs Limited Com accumulated 0% or 3,457 shares. Principal Financial Group Incorporated accumulated 618,316 shares or 0.01% of the stock. First Manhattan Company has 582 shares for 0% of their US portfolio. Blackrock Institutional Na accumulated 2.13M shares or 0% of the stock. Quantitative Investment Mgmt Limited accumulated 0.01% or 18,700 shares. Diam has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Teachers Advsr holds 0.02% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 945,083 shares. Moreover, Ladenburg Thalmann Financial Inc has 0% invested in Kindred Healthcare, Inc. (NYSE:KND) for 173 shares. Panagora Asset Management has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Petrus Tru Lta has 0.04% invested in the company for 15,465 shares.

Another recent and important Kindred Healthcare, Inc. (NYSE:KND) news was published by Costar.com which published an article titled: “Kindred Healthcare to Exit Skilled-Nursing Facility Business” on November 08, 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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