Phoenix Investment Adviser buys $1,947,640 stake in Kindred Healthcare (KND)

Kindred Healthcare (KND) : Phoenix Investment Adviser scooped up 12,000 additional shares in Kindred Healthcare during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 146,000 shares of Kindred Healthcare which is valued at $1,947,640.Kindred Healthcare makes up approximately 2.43% of Phoenix Investment Adviser’s portfolio.

Kindred Healthcare closed down -0.05 points or -0.37% at $13.29 with 6,83,322 shares getting traded on Monday. Post opening the session at $13.27, the shares hit an intraday low of $13.07 and an intraday high of $13.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in KND by selling 660 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 40,263 shares of KND which is valued at $537,108. Kindred Healthcare makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Eqis Capital Management reduced its stake in KND by selling 6,636 shares or 20.2% in the most recent quarter. The Hedge Fund company now holds 26,218 shares of KND which is valued at $327,987. Kindred Healthcare makes up approx 0.02% of Eqis Capital Management’s portfolio.

On the company’s financial health, Kindred Healthcare reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.25. The company had revenue of $1780.94 million for the quarter, compared to analysts expectations of $1815.09 million. The company’s revenue was up 40.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Kindred Healthcare. 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.

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