Forsta AP Fonden bought a new stake in shares of Kindred Healthcare, Inc. (NYSE:KND) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,100 shares of the health services provider’s stock, valued at approximately $358,000.
Other large investors also recently bought and sold shares of the company. Two Sigma Advisers LP bought a new position in Kindred Healthcare in the 4th quarter worth approximately $109,000. Engineers Gate Manager LP bought a new position in Kindred Healthcare in the 4th quarter worth approximately $153,000. Investors Research Corp bought a new position in Kindred Healthcare in the 4th quarter worth approximately $239,000. Caption Management LLC bought a new position in Kindred Healthcare in the 4th quarter worth approximately $272,000. Finally, Teacher Retirement System of Texas bought a new position in Kindred Healthcare in the 4th quarter worth approximately $303,000. 88.40% of the stock is owned by institutional investors.
NYSE KND remained flat at $$9.00 on Wednesday. The company’s stock had a trading volume of 209,854 shares, compared to its average volume of 1,334,177. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 10.04. The company has a market cap of $821.35 million, a price-to-earnings ratio of 26.47 and a beta of 1.05. Kindred Healthcare, Inc. has a 52-week low of $5.50 and a 52-week high of $11.90.
A number of brokerages recently issued reports on KND. TheStreet lowered Kindred Healthcare from a “c-” rating to a “d+” rating in a report on Tuesday, May 15th. Zacks Investment Research raised Kindred Healthcare from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Wednesday, April 18th. Finally, ValuEngine lowered Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.33.
Kindred Healthcare Company Profile
Kindred Healthcare, Inc provides healthcare services in the United States. It operates through five segments: Home Health Services, Hospice Services, Hospitals, Kindred Hospital Rehabilitation Services, and RehabCare. The company provides long-term acute care (LTAC) services to post-intensive care and medically complex patients, including the critically ill and suffering from multiple organ system failures most commonly of the cardiovascular, pulmonary, kidney, gastro-intestinal, and cutaneous systems.
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