Brigade Capital Management LP Lifted Its Kindred Healthcare INC (KND) Position by $30.64 Million as Stock Value Declined

April 25, 2018 - By Hazel Jackson

Kindred Healthcare, Inc. (NYSE:KND) LogoInvestors sentiment decreased to 0.97 in Q4 2017. Its down 0.35, from 1.32 in 2017Q3. It dived, as 29 investors sold KND shares while 50 reduced holdings. 34 funds opened positions while 43 raised stakes. 78.27 million shares or 1.37% more from 77.21 million shares in 2017Q3 were reported. Los Angeles Cap Equity Research invested in 0.01% or 273,403 shares. Lsv Asset Mngmt stated it has 0.01% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Arizona State Retirement Systems has invested 0.01% in Kindred Healthcare, Inc. (NYSE:KND). Balyasny Asset Ltd Company has 0% invested in Kindred Healthcare, Inc. (NYSE:KND). D E Shaw & Com holds 208,692 shares or 0% of its portfolio. Cornerstone Capital Mngmt reported 0% in Kindred Healthcare, Inc. (NYSE:KND). Metropolitan Life Insurance Ny accumulated 25,393 shares or 0% of the stock. Ameritas Investment Prns has invested 0% in Kindred Healthcare, Inc. (NYSE:KND). Meeder Asset Mngmt holds 0% or 221 shares. The New York-based Products Prtnrs Ltd Liability has invested 0.09% in Kindred Healthcare, Inc. (NYSE:KND). Northern has 0% invested in Kindred Healthcare, Inc. (NYSE:KND) for 1.04M shares. Whittier Trust Communication reported 255 shares. Bank & Trust Of Montreal Can stated it has 0% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Harvest Mngmt Lc has invested 0.21% of its portfolio in Kindred Healthcare, Inc. (NYSE:KND). Louisiana State Employees Retirement Systems holds 0.02% or 37,400 shares in its portfolio.

Don Morgan increased its stake in Kindred Healthcare Inc (KND) by 1345% based on its latest 2017Q4 regulatory filing with the SEC. Brigade Capital Management Lp bought 3.40M shares as the company’s stock declined 5.70% with the market. The hedge fund run by Don Morgan held 3.66M shares of the health care company at the end of 2017Q4, valued at $35.48M, up from 253,100 at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Kindred Healthcare Inc for a number of months, seems to be bullish on the $815.87 million market cap company. The stock increased 0.28% or $0.03 during the last trading session, reaching $8.93. About 78,978 shares traded. Kindred Healthcare, Inc. (NYSE:KND) has risen 5.81% since April 25, 2017 and is uptrending. It has underperformed by 5.74% the S&P500.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.83 billion US Long portfolio, decreased its stake in Vistra Energy Corp by 4.13 million shares to 12.92M shares, valued at $236.63 million in 2017Q4, according to the filing. It also reduced its holding in Peabody Energy Corp New by 147,604 shares in the quarter, leaving it with 180,933 shares, and cut its stake in Halcon Res Corp.

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

Among 3 analysts covering Kindred Healthcare (NYSE:KND), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Kindred Healthcare had 4 analyst reports since November 9, 2017 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Monday, November 20. The stock of Kindred Healthcare, Inc. (NYSE:KND) earned “Hold” rating by Mizuho on Monday, December 18. The stock of Kindred Healthcare, Inc. (NYSE:KND) has “Hold” rating given on Tuesday, December 19 by RBC Capital Markets. The company was maintained on Thursday, November 9 by RBC Capital Markets.

Kindred Healthcare, Inc. (NYSE:KND) Institutional Positions Chart

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