Irving Magee Investment Management buys $4.9 Million stake in Kindred Healthcare (KND)

Kindred Healthcare (KND) : Irving Magee Investment Management scooped up 347 additional shares in Kindred Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 403,347 shares of Kindred Healthcare which is valued at $4.9 Million.Kindred Healthcare makes up approximately 2.53% of Irving Magee Investment Management’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp added KND to its portfolio by purchasing 38,000 company shares during the most recent quarter which is valued at $459,040. Kindred Healthcare makes up approx 0.05% of Trexquant Investment Lp’s portfolio.Swiss National Bank boosted its stake in KND in the latest quarter, The investment management firm added 25,400 additional shares and now holds a total of 141,357 shares of Kindred Healthcare which is valued at $1.9 Million.Parkside Financial Bank Trust boosted its stake in KND in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 1,493 shares of Kindred Healthcare which is valued at $19,588. Kindred Healthcare makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Russell Frank Co boosted its stake in KND in the latest quarter, The investment management firm added 91,086 additional shares and now holds a total of 749,317 shares of Kindred Healthcare which is valued at $11.1 Million. Kindred Healthcare makes up approx 0.02% of Russell Frank Co’s portfolio.

Kindred Healthcare opened for trading at $12.06 and hit $12.33 on the upside on Monday, eventually ending the session at $12.14, with a gain of 1.51% or 0.18 points. The heightened volatility saw the trading volume jump to 10,27,934 shares. Company has a market cap of $1,034 M.

On the company’s financial health, Kindred Healthcare reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $1837.90 million for the quarter, compared to analysts expectations of $1831.86 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Kindred Healthcare. Company shares were Reiterated by Mizuho on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 13.50 from a previous price target of $9 .Shares were Reiterated by RBC Capital Mkts on Mar 7, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $19 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 17 from a previous price target of $20 .

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.

Leave a Reply

Kindred Healthcare - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kindred Healthcare. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.