Walthausen Lowers stake in Kindred Healthcare (KND)

Kindred Healthcare (KND) : Walthausen reduced its stake in Kindred Healthcare by 6.48% during the most recent quarter end. The investment management company now holds a total of 1,637,209 shares of Kindred Healthcare which is valued at $19.8 Million after selling 113,437 shares in Kindred Healthcare , the firm said in a disclosure report filed with the SEC on May 12, 2016.Kindred Healthcare makes up approximately 2.06% of Walthausen’s portfolio.

Other Hedge Funds, Including , Netols Asset Management boosted its stake in KND in the latest quarter, The investment management firm added 106,266 additional shares and now holds a total of 496,797 shares of Kindred Healthcare which is valued at $6 Million. Kindred Healthcare makes up approx 1.36% of Netols Asset Management’s portfolio.Menta Capital boosted its stake in KND in the latest quarter, The investment management firm added 10,101 additional shares and now holds a total of 35,201 shares of Kindred Healthcare which is valued at $425,228. Kindred Healthcare makes up approx 0.06% of Menta Capital’s portfolio.Mutual Of America Capital Management reduced its stake in KND by selling 82 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 113,942 shares of KND which is valued at $1.4 Million. Kindred Healthcare makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.Blackrock Investment Management boosted its stake in KND in the latest quarter, The investment management firm added 8,570 additional shares and now holds a total of 354,199 shares of Kindred Healthcare which is valued at $4.3 Million. Kindred Healthcare makes up approx 0.01% of Blackrock Investment Management’s portfolio.New York State Common Retirement Fund boosted its stake in KND in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 81,600 shares of Kindred Healthcare which is valued at $1.1 Million.

Kindred Healthcare opened for trading at $11.56 and hit $11.665 on the upside on Friday, eventually ending the session at $11.6, with a gain of 0.69% or 0.08 points. The heightened volatility saw the trading volume jump to 8,47,017 shares. Company has a market cap of $988 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.

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