California Public Employees Retirement System Sells 47,200 Shares of Kindred Healthcare, Inc. (KND)

California Public Employees Retirement System lowered its holdings in shares of Kindred Healthcare, Inc. (NYSE:KND) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 656,419 shares of the health services provider’s stock after selling 47,200 shares during the period. California Public Employees Retirement System owned about 0.77% of Kindred Healthcare worth $7,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC bought a new position in shares of Kindred Healthcare during the 2nd quarter valued at $3,717,000. Vanguard Group Inc. grew its holdings in shares of Kindred Healthcare by 8.6% during the 2nd quarter. Vanguard Group Inc. now owns 8,031,919 shares of the health services provider’s stock valued at $93,572,000 after purchasing an additional 635,000 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Kindred Healthcare by 1.1% during the 2nd quarter. Northern Trust Corp now owns 1,046,020 shares of the health services provider’s stock valued at $12,186,000 after purchasing an additional 11,876 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Kindred Healthcare by 13.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 120,846 shares of the health services provider’s stock valued at $1,408,000 after purchasing an additional 13,945 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Kindred Healthcare by 839.2% during the 2nd quarter. GSA Capital Partners LLP now owns 98,455 shares of the health services provider’s stock valued at $1,147,000 after purchasing an additional 87,972 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors.

Several research firms recently commented on KND. BidaskClub lowered shares of Kindred Healthcare from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Mizuho reaffirmed a “neutral” rating and set a $7.50 target price (down previously from $8.00) on shares of Kindred Healthcare in a report on Tuesday. Zacks Investment Research raised shares of Kindred Healthcare from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Bank of America Corporation cut their price target on shares of Kindred Healthcare from $7.50 to $6.50 and set an “underperform” rating on the stock in a report on Thursday, September 21st. Finally, Royal Bank Of Canada cut their price target on shares of Kindred Healthcare from $9.00 to $7.50 and set a “sector perform” rating on the stock in a report on Thursday, September 21st. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/10/12/california-public-employees-retirement-system-sells-47200-shares-of-kindred-healthcare-inc-knd.html.

Shares of Kindred Healthcare, Inc. (NYSE:KND) opened at 6.15 on Thursday. The company’s market cap is $535.17 million. The firm has a 50-day moving average of $7.04 and a 200-day moving average of $9.01. Kindred Healthcare, Inc. has a one year low of $5.50 and a one year high of $11.90.

Kindred Healthcare (NYSE:KND) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Kindred Healthcare had a negative net margin of 16.31% and a positive return on equity of 3.49%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Kindred Healthcare, Inc. will post $0.22 EPS for the current fiscal year.

Kindred Healthcare 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.

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