Stock Worth Watching: Could Kindred Healthcare, Inc. See a Reversal After This Very Weak Session?

Stock Worth Watching: Could Kindred Healthcare, Inc. See a Reversal After This Very Weak Session?

The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 1.33M shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 47.31% since April 14, 2016 and is downtrending. It has underperformed by 52.00% the S&P500.
The move comes after 7 months negative chart setup for the $622.84 million company. It was reported on Nov, 16 by Barchart.com. We have $6.30 PT which if reached, will make NYSE:KND worth $37.37M less.

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

Out of 8 analysts covering Kindred Healthcare Inc. (NYSE:KND), 1 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 13% are positive. Kindred Healthcare Inc. has been the topic of 19 analyst reports since September 2, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Kindred Healthcare, Inc. (NYSE:KND) on Friday, November 6 with “Outperform” rating. The firm earned “Neutral” rating on Wednesday, July 6 by Mizuho. On Thursday, November 5 the stock rating was downgraded by Wells Fargo to “Market Perform”. Mizuho maintained the stock with “Neutral” rating in Tuesday, November 8 report. UBS maintained Kindred Healthcare, Inc. (NYSE:KND) on Tuesday, August 9 with “Neutral” rating. The rating was maintained by Mizuho on Wednesday, November 11 with “Neutral”. On Monday, March 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Overweight” rating given by Barclays Capital on Friday, November 6. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Neutral” rating by Mizuho on Thursday, October 1. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Sector Perform” rating given on Thursday, November 10 by RBC Capital Markets.

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 worsened, 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.
Quantitative Invest Management Limited Co has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Gateway Invest Advisers Lc has invested 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). State Board Of Administration Of Florida Retirement holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 60,397 shares. Sei Investments last reported 0% of its portfolio in the stock. Metropolitan Life Insur Commerce accumulated 60,237 shares or 0.01% of the stock. Los Angeles Mgmt And Equity Incorporated accumulated 227,433 shares or 0.02% of the stock. Perceptive Advisors Ltd Liability Corporation has 42,301 shares for 0.03% of their US portfolio. Kcg Holdings holds 0% or 12,261 shares in its portfolio. Renaissance Technologies Limited Liability Company holds 45,080 shares or 0% of its portfolio. Mutual Of America Mgmt Ltd Co has 116,969 shares for 0.03% of their US portfolio. Ahl Prtnrs Limited Liability Partnership holds 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 20,932 shares. State Of Tennessee Treasury Department holds 0% or 67,183 shares in its portfolio. Altrinsic Glob Advsrs Ltd last reported 0.15% of its portfolio in the stock. Tiaa Cref Ltd Llc has invested 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). First Trust Advisors L P, a Illinois-based fund reported 54,621 shares.

Another recent and important Kindred Healthcare, Inc. (NYSE:KND) news was published by Fool.com which published an article titled: “Why Kindred Healthcare, Inc. Crashed 29.7% Today” 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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