Kindred Healthcare, Inc. (KND) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. raised its stake in Kindred Healthcare, Inc. (NYSE:KND) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,403 shares of the health services provider’s stock after purchasing an additional 2,700 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.32% of Kindred Healthcare worth $3,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Kindred Healthcare by 149.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,104,618 shares of the health services provider’s stock valued at $24,518,000 after purchasing an additional 1,260,753 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Kindred Healthcare by 1.6% during the 2nd quarter. Principal Financial Group Inc. now owns 696,172 shares of the health services provider’s stock valued at $8,111,000 after acquiring an additional 11,286 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Kindred Healthcare by 9.9% during the 2nd quarter. Prudential Financial Inc. now owns 755,913 shares of the health services provider’s stock valued at $8,806,000 after acquiring an additional 67,910 shares in the last quarter. Phoenix Investment Adviser LLC lifted its holdings in shares of Kindred Healthcare by 20.9% during the 2nd quarter. Phoenix Investment Adviser LLC now owns 179,000 shares of the health services provider’s stock valued at $2,085,000 after acquiring an additional 31,000 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Kindred Healthcare by 103.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 122,906 shares of the health services provider’s stock valued at $1,432,000 after acquiring an additional 62,509 shares in the last quarter. Institutional investors own 88.72% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kindred Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. BidaskClub lowered shares of Kindred Healthcare from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Deutsche Bank AG reduced their target price on shares of Kindred Healthcare from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 7th. Finally, Mizuho restated a “neutral” rating and set a $9.00 target price on shares of Kindred Healthcare in a report on Monday, July 3rd. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.94.

Kindred Healthcare, Inc. (KND) opened at 7.18 on Friday. The firm’s market cap is $624.36 million. Kindred Healthcare, Inc. has a one year low of $5.65 and a one year high of $11.90. The firm has a 50-day moving average of $7.84 and a 200-day moving average of $9.29.

Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.59 billion. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. Kindred Healthcare’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. Analysts anticipate that Kindred Healthcare, Inc. will post $0.47 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Kindred Healthcare, Inc. (KND) Shares Bought by Los Angeles Capital Management & Equity Research Inc.” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/09/15/kindred-healthcare-inc-knd-shares-bought-by-los-angeles-capital-management-equity-research-inc.html.

Kindred Healthcare 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.

Want to see what other hedge funds are holding KND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kindred Healthcare, Inc. (NYSE:KND).

Institutional Ownership by Quarter for Kindred Healthcare (NYSE:KND)

Receive News & Ratings for Kindred Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Healthcare Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply