Kindred Healthcare (KND) : Brigade Capital Management Lp scooped up 100,000 additional shares in Kindred Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,050,722 shares of Kindred Healthcare which is valued at $22,598,956.Kindred Healthcare makes up approximately 9.29% of Brigade Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management boosted its stake in KND in the latest quarter, The investment management firm added 119,526 additional shares and now holds a total of 141,014 shares of Kindred Healthcare which is valued at $1,553,974.State Board Of Administration Of Florida Retirement System reduced its stake in KND by selling 166 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 60,397 shares of KND which is valued at $725,368.Swiss National Bank boosted its stake in KND in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 144,357 shares of Kindred Healthcare which is valued at $1,639,896.
Kindred Healthcare closed down -0.57 points or -5.16% at $10.47 with 6,82,208 shares getting traded on Thursday. Post opening the session at $10.98, the shares hit an intraday low of $10.39 and an intraday high of $11.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Kindred Healthcare reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $1842.00 million for the quarter, compared to analysts expectations of $1850.82 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Kindred Healthcare. Shares were Reiterated by Mizuho on Jul 6, 2016 to “Neutral” and Lowered the Price Target to $ 11 from a previous price target of $13.50 .
Kindred Healthcare Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals inpatient rehabilitation hospitals (IRFs) nursing centers assisted living facilities a contract rehabilitation services business and a home health and hospice business across the United States. The Company operates through five segments: hospitals nursing centers skilled nursing rehabilitation services (SRS) hospital rehabilitation services (HRS) and home health and hospice services. The Company’s hospital division provides long-term acute care services to medically complex patients. The Company’s nursing center division operates through 90 nursing centers and seven assisted living facilities in 18 states. Its rehabilitation division provided rehabilitation services primarily in hospitals and long-term care settings. Its care management division primarily provided home health hospice and private duty services from 143 locations in 13 states.