Arizona State Retirement System raised its position in Kindred Healthcare, Inc. (NYSE:KND) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,364 shares of the health services provider’s stock after buying an additional 500 shares during the period. Arizona State Retirement System owned approximately 0.05% of Kindred Healthcare worth $370,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Kindred Healthcare during the fourth quarter worth $4,406,000. Comerica Bank raised its position in shares of Kindred Healthcare by 5.5% in the fourth quarter. Comerica Bank now owns 90,575 shares of the health services provider’s stock worth $693,000 after buying an additional 4,686 shares in the last quarter. State Street Corp raised its position in shares of Kindred Healthcare by 12.6% in the fourth quarter. State Street Corp now owns 2,249,345 shares of the health services provider’s stock worth $17,661,000 after buying an additional 252,206 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Kindred Healthcare during the fourth quarter worth $234,000. Finally, Renaissance Technologies LLC raised its position in shares of Kindred Healthcare by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 259,280 shares of the health services provider’s stock worth $2,035,000 after buying an additional 65,400 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.
Shares of Kindred Healthcare, Inc. (NYSE:KND) traded up 0.54% during mid-day trading on Friday, reaching $9.30. The company had a trading volume of 931,118 shares. The stock’s market capitalization is $796.39 million. Kindred Healthcare, Inc. has a 52-week low of $5.65 and a 52-week high of $12.32. The company’s 50-day moving average is $10.97 and its 200 day moving average is $9.18.
Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Kindred Healthcare had a negative net margin of 9.55% and a positive return on equity of 4.08%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. Analysts anticipate that Kindred Healthcare, Inc. will post $0.49 EPS for the current fiscal year.
KND has been the topic of a number of recent analyst reports. Zacks Investment Research raised Kindred Healthcare from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, May 3rd. UBS AG reissued a “neutral” rating and set a $10.50 price target (up previously from $8.00) on shares of Kindred Healthcare in a research note on Friday, May 5th. Royal Bank Of Canada reissued a “hold” rating and set a $10.00 price target on shares of Kindred Healthcare in a research note on Friday, May 5th. Barclays PLC reissued a “buy” rating and set a $13.00 price target (up previously from $11.00) on shares of Kindred Healthcare in a research note on Sunday, May 7th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Kindred Healthcare in a research report on Monday, July 3rd. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Kindred Healthcare presently has an average rating of “Hold” and a consensus price target of $10.06.
About Kindred Healthcare
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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