Teton Advisors Inc. Has $1.92 Million Stake in Kindred Healthcare (KND)

Teton Advisors Inc. lifted its stake in Kindred Healthcare (NYSE:KND) by 5.0% in the first quarter, HoldingsChannel.com reports. The fund owned 210,000 shares of the health services provider’s stock after purchasing an additional 10,000 shares during the period. Teton Advisors Inc.’s holdings in Kindred Healthcare were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of KND. Two Sigma Advisers LP bought a new position in shares of Kindred Healthcare in the fourth quarter worth $109,000. Engineers Gate Manager LP purchased a new stake in shares of Kindred Healthcare in the fourth quarter worth $153,000. Investors Research Corp purchased a new stake in shares of Kindred Healthcare in the fourth quarter worth $239,000. Caption Management LLC purchased a new stake in shares of Kindred Healthcare in the fourth quarter worth $272,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Kindred Healthcare in the fourth quarter worth $303,000. 88.47% of the stock is owned by hedge funds and other institutional investors.

Shares of KND stock opened at $8.98 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 10.04. Kindred Healthcare has a 52-week low of $5.50 and a 52-week high of $11.90. The firm has a market capitalization of $821.35 million, a P/E ratio of 26.40 and a beta of 1.13.

Kindred Healthcare (NYSE:KND) last released its quarterly earnings results on Wednesday, February 28th. The health services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Kindred Healthcare had a positive return on equity of 11.38% and a negative net margin of 11.56%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. analysts predict that Kindred Healthcare will post 0.64 EPS for the current year.

A number of equities research analysts recently issued reports on the company. TheStreet downgraded Kindred Healthcare from a “c-” rating to a “d+” rating in a research report on Tuesday, May 15th. Zacks Investment Research downgraded Kindred Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Finally, ValuEngine downgraded Kindred Healthcare from a “sell” rating to a “strong sell” rating in a research report 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 stock. Kindred Healthcare presently has an average 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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Institutional Ownership by Quarter for Kindred Healthcare (NYSE:KND)

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