The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 1.23 million shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 55.44% since April 26, 2016 and is downtrending. It has underperformed by 60.70% the S&P500.
The move comes after 8 months positive chart setup for the $586.94M company. It was reported on Nov, 29 by Barchart.com. We have $7.53 PT which if reached, will make NYSE:KND worth $35.22M more.
Analysts await Kindred Healthcare, Inc. (NYSE:KND) to report earnings on February, 23. They expect $0.08 earnings per share, down 75.76% or $0.25 from last year’s $0.33 per share. KND’s profit will be $6.61 million for 22.19 P/E if the $0.08 EPS becomes a reality. After $0.05 actual earnings per share reported by Kindred Healthcare, Inc. for the previous quarter, Wall Street now forecasts 60.00% EPS growth.
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. Mizuho initiated the shares of KND in a report on Thursday, October 1 with “Neutral” rating. RBC Capital Markets downgraded it to “Sector Perform” rating and $9 target price in Thursday, November 10 report. The rating was maintained by Barclays Capital on Friday, November 6 with “Overweight”. The firm earned “Neutral” rating on Wednesday, November 11 by Mizuho. The firm has “Mkt Perform” rating by Avondale given on Friday, December 18. On Monday, March 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. UBS maintained the shares of KND in a report on Tuesday, August 9 with “Neutral” rating. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Neutral” rating given on Wednesday, September 16 by JP Morgan. Mizuho maintained it with “Neutral” rating and $7 target price in Tuesday, November 8 report. The firm has “Neutral” rating given 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 increased to 1.95 in 2016 Q2. Its up 0.85, from 1.1 in 2016Q1. The ratio increased, 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.
Sector Pension Invest Board accumulated 0.01% or 60,325 shares. Credit Agricole S A accumulated 865,575 shares or 0.04% of the stock. Oppenheimer Inc has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Texas Permanent School Fund holds 0.01% or 65,114 shares in its portfolio. Proshare Limited Liability Corp owns 12,980 shares or 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Kindred Healthcare, Inc. (NYSE:KND). Regent Invest accumulated 0.23% or 36,900 shares. Perceptive Ltd Liability Co holds 0.03% or 42,301 shares in its portfolio. Natl Bank Of Ny Mellon Corp reported 1.57 million shares or 0.01% of all its holdings. Teachers Retirement Sys Of The State Of Kentucky has 0% invested in the company for 29,263 shares. First Manhattan, a New York-based fund reported 582 shares. Carlson Cap Lp, a Texas-based fund reported 4.00M shares. Bessemer Grp Inc has 0% invested in the company for 3,480 shares. Gabelli Funds Llc holds 0.04% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 617,356 shares. American Group holds 0% or 62,864 shares in its portfolio.
More recent Kindred Healthcare, Inc. (NYSE:KND) news were published by: Fool.com which released: “Why Kindred Healthcare, Inc. Crashed 29.7% Today” on November 08, 2016. Also Seekingalpha.com published the news titled: “Comforting 9.5% To 11.2% Yields From Kindred Healthcare Bonds, Maturing …” on November 23, 2016. Nasdaq.com‘s news article titled: “Kindred Healthcare, Inc. (KND) Ex-Dividend Date Scheduled for November 17, 2016” with publication date: November 16, 2016 was also an interesting one.
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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