North Tide Capital Lowers stake in Kindred Healthcare (KND)

Kindred Healthcare (KND) : North Tide Capital reduced its stake in Kindred Healthcare by 3.03% during the most recent quarter end. The investment management company now holds a total of 8,000,000 shares of Kindred Healthcare which is valued at $88,160,000 after selling 250,000 shares in Kindred Healthcare , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kindred Healthcare makes up approximately 8.98% of North Tide Capital’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in KND in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 18,620 shares of Kindred Healthcare which is valued at $205,192. Kindred Healthcare makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Laurion Capital Management Lp sold out all of its stake in KND during the most recent quarter. The investment firm sold 16,900 shares of KND which is valued $186,238.Oppenheimer Co Inc boosted its stake in KND in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 31,000 shares of Kindred Healthcare which is valued at $342,240. Kindred Healthcare makes up approx 0.01% of Oppenheimer Co Inc’s portfolio. Select Asset Management Trust sold out all of its stake in KND during the most recent quarter. The investment firm sold 100,600 shares of KND which is valued $1,208,206.

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.

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