UBS Asset Management Americas Inc. boosted its stake in Kindred Healthcare Inc. (NYSE:KND) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,881 shares of the company’s stock after buying an additional 21,756 shares during the period. UBS Asset Management Americas Inc. owned about 0.12% of Kindred Healthcare worth $1,161,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new stake in Kindred Healthcare during the second quarter worth approximately $8,829,000. LSV Asset Management boosted its stake in Kindred Healthcare by 23.3% in the second quarter. LSV Asset Management now owns 4,133,305 shares of the company’s stock worth $46,665,000 after buying an additional 780,048 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Kindred Healthcare by 67.8% in the second quarter. Advisors Asset Management Inc. now owns 758,519 shares of the company’s stock worth $8,564,000 after buying an additional 306,592 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Kindred Healthcare during the first quarter worth approximately $3,224,000. Finally, JPMorgan Chase & Co. boosted its stake in Kindred Healthcare by 50.9% in the first quarter. JPMorgan Chase & Co. now owns 704,631 shares of the company’s stock worth $8,702,000 after buying an additional 237,805 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.
Shares of Kindred Healthcare Inc. (NYSE:KND) opened at 9.58 on Friday. Kindred Healthcare Inc. has a one year low of $7.96 and a one year high of $15.66. The stock’s 50 day moving average price is $10.28 and its 200-day moving average price is $11.69. The stock has a market cap of $816.72 million, a PE ratio of 12.38 and a beta of 1.58.
Kindred Healthcare (NYSE:KND) last announced its earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business earned $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. Kindred Healthcare had a return on equity of 6.23% and a net margin of 0.94%. Kindred Healthcare’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities analysts predict that Kindred Healthcare Inc. will post $0.90 earnings per share for the current fiscal year.
KND has been the subject of a number of recent research reports. Avondale Partners reiterated a “hold” rating on shares of Kindred Healthcare in a research report on Saturday, June 18th. Zacks Investment Research cut Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Mizuho dropped their price objective on Kindred Healthcare from $13.50 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 6th. Finally, Bank of America Corp. reiterated a “sell” rating and set a $11.00 price objective on shares of Kindred Healthcare in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.57.
About Kindred Healthcare
Kindred Healthcare, Inc is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers.
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