Bailard Inc. purchased a new position in shares of Kindred Healthcare, Inc. (NYSE:KND) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 83,000 shares of the health services provider’s stock, valued at approximately $805,000. Bailard Inc. owned about 0.09% of Kindred Healthcare as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC acquired a new position in shares of Kindred Healthcare during the second quarter worth approximately $130,000. Highbridge Capital Management LLC acquired a new position in shares of Kindred Healthcare during the third quarter worth approximately $133,000. Engineers Gate Manager LP acquired a new position in shares of Kindred Healthcare during the fourth quarter worth approximately $153,000. Crossmark Global Holdings Inc. acquired a new position in shares of Kindred Healthcare during the third quarter worth approximately $208,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Kindred Healthcare during the second quarter worth approximately $216,000. Institutional investors own 82.96% of the company’s stock.
Kindred Healthcare, Inc. (NYSE KND) opened at $8.95 on Friday. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.55 and a quick ratio of 1.53. The company has a market capitalization of $782.39, a price-to-earnings ratio of -4.53 and a beta of 1.13. Kindred Healthcare, Inc. has a 12 month low of $5.50 and a 12 month high of $11.90.
A number of research analysts have recently commented on the company. Mizuho set a $9.00 price target on Kindred Healthcare and gave the stock a “hold” rating in a report on Monday, December 18th. Zacks Investment Research upgraded Kindred Healthcare from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, January 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $8.50 price target (up from $7.50) on shares of Kindred Healthcare in a report on Thursday, November 9th. ValuEngine upgraded Kindred Healthcare from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Stifel Nicolaus upgraded Kindred Healthcare from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.31.
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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.
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