The stock of Kindred Healthcare, Inc. (NYSE:KND) is a huge mover today! About 504,068 shares traded hands. Kindred Healthcare, Inc. (NYSE:KND) has declined 51.09% since April 18, 2016 and is downtrending. It has underperformed by 55.52% the S&P500.
The move comes after 5 months positive chart setup for the $559.86 million company. It was reported on Nov, 18 by Barchart.com. We have $8.34 PT which if reached, will make NYSE:KND worth $145.56 million more.
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. JP Morgan initiated the shares of KND in a report on Wednesday, September 16 with “Neutral” rating. The stock has “Neutral” rating given by UBS on Tuesday, August 9. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Neutral” rating by Mizuho on Wednesday, November 11. The stock has “Market Perform” rating given by Wells Fargo on Thursday, November 5. The company was maintained on Thursday, January 14 by Mizuho. The company was downgraded on Friday, December 18 by Avondale. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. As per Thursday, October 1, the company rating was initiated by Mizuho. The rating was downgraded by Stifel Nicolaus to “Sell” on Tuesday, November 8. RBC Capital Markets downgraded Kindred Healthcare, Inc. (NYSE:KND) on Thursday, November 10 to “Sector Perform” 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 increased to 1.95 in Q2 2016. Its up 0.85, from 1.1 in 2016Q1. The ratio improved, 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.
Gsa Cap Prtn Llp holds 0.12% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 184,972 shares. Deutsche Comml Bank Ag has invested 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Nomura Asset Management Ltd has invested 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Price T Rowe Associate Md accumulated 28,989 shares or 0% of the stock. Jupiter Asset Mngmt Ltd has invested 0.15% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Menta Capital Limited Liability accumulated 50,801 shares or 0.08% of the stock. South Dakota Council accumulated 0.1% or 404,700 shares. Carlson L P last reported 0.56% of its portfolio in the stock. Secor Capital L P accumulated 106,835 shares or 0.15% of the stock. Allianz Asset Mngmt Ag owns 43,153 shares or 0% of their US portfolio. Aperio Grp Ltd Limited Liability Company holds 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND) for 36,900 shares. Vanguard Group Inc Inc last reported 0% of its portfolio in the stock. Engineers Gate Manager L P accumulated 96,719 shares or 0.08% of the stock. Ubs Asset Mngmt Americas, a Illinois-based fund reported 102,881 shares. Lehman Fincl Resources Incorporated accumulated 54,300 shares or 0.31% of the stock.
More important 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 Nasdaq.com published article titled: “What Makes Kindred Healthcare (KND) a Strong Sell?”, Marketwatch.com published: “Ventas to sell 36 nursing facilities to Kindred Healthcare for $700 million” on November 14, 2016. More interesting news about Kindred Healthcare, Inc. (NYSE:KND) was released by: Businesswire.com and their article: “Kindred Announces Agreements with Ventas Facilitating Strategic Exit from …” with publication date: November 14, 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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