BNP Paribas Arbitrage SA reduced its position in shares of Kindred Healthcare, Inc. (NYSE:KND) by 14.3% during the first quarter, Holdings Channel reports. The firm owned 27,306 shares of the health services provider’s stock after selling 4,557 shares during the period. BNP Paribas Arbitrage SA’s holdings in Kindred Healthcare were worth $228,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Citizens Bank & Trust Co. increased its position in shares of Kindred Healthcare by 8.9% in the first quarter. First Citizens Bank & Trust Co. now owns 15,462 shares of the health services provider’s stock worth $129,000 after buying an additional 1,260 shares during the period. Trexquant Investment LP purchased a new position in shares of Kindred Healthcare during the fourth quarter worth approximately $234,000. Louisiana State Employees Retirement System increased its position in shares of Kindred Healthcare by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,700 shares of the health services provider’s stock worth $290,000 after buying an additional 500 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of Kindred Healthcare during the fourth quarter worth approximately $300,000. Finally, Boothbay Fund Management LLC increased its position in shares of Kindred Healthcare by 467.3% in the fourth quarter. Boothbay Fund Management LLC now owns 57,384 shares of the health services provider’s stock worth $450,000 after buying an additional 47,268 shares during the period. 91.08% of the stock is owned by institutional investors.
Shares of Kindred Healthcare, Inc. (NYSE KND) opened at 10.60 on Friday. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $8.47. The firm’s market cap is $907.71 million. Kindred Healthcare, Inc. has a 52 week low of $5.65 and a 52 week high of $12.55.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.78 billion. Kindred Healthcare had a negative net margin of 9.55% and a positive return on equity of 4.08%. Equities research analysts predict that Kindred Healthcare, Inc. will post $0.53 EPS for the current fiscal year.
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A number of research analysts have recently commented on the stock. Mizuho lifted their price objective on shares of Kindred Healthcare from $5.00 to $8.50 and gave the company a “neutral” rating in a research report on Tuesday, February 28th. Zacks Investment Research cut shares of Kindred Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Royal Bank Of Canada restated a “hold” rating and set a $10.00 target price on shares of Kindred Healthcare in a research note on Friday, May 5th. Finally, Barclays PLC restated a “buy” rating and set a $13.00 target price (up previously from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.44.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc 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.
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