The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 328,334 shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 14.85% since March 15, 2016 and is downtrending. It has underperformed by 20.34% the S&P500.
The move comes after 8 months positive chart setup for the $835.96M company. It was reported on Oct, 18 by Barchart.com. We have $13.60 PT which if reached, will make NYSE:KND worth $309.31 million more.
Analysts await Kindred Healthcare, Inc. (NYSE:KND) to report earnings on November, 2. They expect $0.07 earnings per share, down 69.57% or $0.16 from last year’s $0.23 per share. KND’s profit will be $5.89 million for 35.46 P/E if the $0.07 EPS becomes a reality. After $0.38 actual earnings per share reported by Kindred Healthcare, Inc. for the previous quarter, Wall Street now forecasts -81.58% negative EPS growth.
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. As per Thursday, November 5, the company rating was downgraded by Wells Fargo. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Neutral” rating given on Wednesday, September 16 by JP Morgan. Avondale downgraded Kindred Healthcare, Inc. (NYSE:KND) on Friday, December 18 to “Mkt Perform” rating. The rating was initiated by Mizuho with “Neutral” on Thursday, October 1. The firm has “Neutral” rating by Mizuho given on Wednesday, July 6. UBS maintained the stock with “Neutral” rating in Tuesday, August 9 report. The firm has “Neutral” rating by Mizuho given on Thursday, January 14. The rating was maintained by Mizuho with “Neutral” on Wednesday, November 11. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Overweight” rating by Barclays Capital on Friday, November 6. As per Friday, November 6, the company rating was maintained 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 2016 Q2. Its down 0.61, from 1.71 in 2016Q1. The ratio turned negative, 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.
Guggenheim Cap Ltd Liability Corp holds 345,105 shares or 0.01% of its portfolio. State Board Of Administration Of Florida Retirement Sys reported 60,397 shares or 0% of all its holdings. Netols Asset holds 1.13% or 442,707 shares in its portfolio. Barclays Public Limited Co, a United Kingdom-based fund reported 108,436 shares. Altrinsic Advsrs Lc holds 0.15% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 477,000 shares. Oppenheimer has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Teachers Retirement Of The State Of Kentucky last reported 0% of its portfolio in the stock. Macquarie Group Ltd holds 107,600 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa has 0% invested in the company for 86,808 shares. Brigade Cap Mgmt Limited Partnership has invested 3.6% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Ls Inv Advisors Ltd Liability Corp reported 3,457 shares or 0% of all its holdings. Menta Limited Liability has invested 0.08% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Moreover, Clinton Group has 0.01% invested in Kindred Healthcare, Inc. (NYSE:KND) for 11,999 shares. Amer Interest Grp Incorporated accumulated 62,864 shares or 0% of the stock. Bridgeway Capital Mngmt Inc has 0.03% invested in the company for 183,050 shares.
More news for Kindred Healthcare, Inc. (NYSE:KND) were recently published by: Equitiesfocus.com, which released: “Kindred Healthcare, Inc. (NYSE:KND) Dividend Payout At $0.12” on October 18, 2016. Bizjournals.com‘s article titled: “Kindred sells 12 hospitals” and published on October 04, 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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