Stock Traders Buy High Volume of Call Options on Kindred Healthcare (KND)

Kindred Healthcare (NYSE:KND) saw some unusual options trading on Monday. Stock investors acquired 727 call options on the company. This represents an increase of approximately 1,246% compared to the typical daily volume of 54 call options.

KND has been the topic of a number of research reports. Mizuho set a $9.00 target price on Kindred Healthcare and gave the company 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 target price on the stock in a report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Kindred Healthcare currently has a consensus rating of “Hold” and a consensus price target of $9.31.

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Large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP acquired a new position in Kindred Healthcare in the fourth quarter worth approximately $109,000. Engineers Gate Manager LP acquired a new position in Kindred Healthcare in the fourth quarter worth approximately $153,000. Highbridge Capital Management LLC acquired a new position in Kindred Healthcare in the third quarter worth approximately $133,000. Investors Research Corp acquired a new position in Kindred Healthcare in the fourth quarter worth approximately $239,000. Finally, Caption Management LLC acquired a new position in Kindred Healthcare in the fourth quarter worth approximately $272,000. Hedge funds and other institutional investors own 88.97% of the company’s stock.

Shares of KND opened at $8.85 on Tuesday. Kindred Healthcare has a fifty-two week low of $5.50 and a fifty-two week high of $11.90. The stock has a market capitalization of $813.58, a PE ratio of 26.03 and a beta of 1.12. The company has a debt-to-equity ratio of 9.05, a quick ratio of 1.50 and a current ratio of 1.52.

Kindred Healthcare (NYSE:KND) last released its quarterly earnings data on Wednesday, February 28th. The health services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Kindred Healthcare had a positive return on equity of 4.64% and a negative net margin of 11.16%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. sell-side analysts expect that Kindred Healthcare will post 0.75 EPS for the current fiscal year.

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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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