Are Kindred Healthcare Inc (NYSE:KND) Shares a Sell Now? Avondale Has Downgraded Stock


Kindred Healthcare Inc (NYSE:KND) Receives a Downgrade

Avondale downgraded the rating for shares of Kindred Healthcare Inc (NYSE:KND) to a”Mkt Perform” from a “Mkt Outperform”. This rather important rating change was shared with investors and clients in analysts note earlier today.

From a total of 8 analysts covering Kindred Healthcare Inc. (NYSE:KND) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $20 while the lowest target price is $12. The mean of all analyst targets is $16.47 with a 49.49% above today’s ($11.74) stock price. Kindred Healthcare Inc. was the topic of 10 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Mizuho maintained shares on November 11 with “Neutral” rating. Wells Fargo downgraded KND stock in a recent report from November 5 to “Market Perform” rating.

The stock decreased 7.99% or $1.02 on December 18, striking $11.74. Approximately 2.46M shares of stock traded hands or 89.23% up from the average. Kindred Healthcare, Inc. (NYSE:KND) has declined 43.94% since May 15, 2015 and is downtrending. It has underperformed by 40.13% the S&P500.

The overall sentiment of institutions has increased to 1.57 in Q2 2015. Its up 0.01, from 1.56 in 2015Q2. The ratio increased, as 20 institutions have sold all the shares of Kindred Healthcare, Inc. that they owned while 52 funds have taken shares off the table. 26 funds have purchased shares for the first time while 87 added to their positions. These institutions now hold 78.96 million shares or 4.48% more than the 75.57 million shares they owned in 2015Q2.

The Fund North Tide Capital Llc currently is holding shares equating to 6.87% of its total portfolio in Kindred Healthcare, Inc. representing a total of 5.00 million shares. Another fund,Brigade Capital Management Lp, is holding a total of 1.96 million shares equating to 3.8% of their holdings. Additionally, Corsair Capital Management L.P. has a 1.09 million share stake in Kindred Healthcare, Inc. which represents 1.78% of their total portfolio. The Fund, Irving Magee Investment Management, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.75% of their total portfolio. Finally Phoenix Investment Adviser Llc, a fund which is based in the state of New York reported a total holdings of 102,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 9, 2015, shareholders of Kindred Healthcare, Inc. have witnessed 0 buys, and a total of 5 insider sales equating to a net activity of approximately $549,631 . Breier Benjamin A sold 5,400 shares worth approximately $111,094. Rousseau Jon B sold 7,700 shares worth approximately $164,464. Beal Michael W sold 2,435 shares worth approximately $54,325. Altman William M sold 9,810 shares worth approximately $206,838. The company insider Lucchese John Joseph sold 3,124 shares worth $67,230.

Kindred Healthcare, Inc. is a healthcare services firm that through its subsidiaries operates transitional care 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 has a market cap of $1.07 billion. The Firm operates through five divisions: hospitals, nursing centers, skilled nursing rehabilitation services (SRS), hospital rehabilitation services (HRS) and home health and hospice services. It currently has negative earnings. The Company’s hospital division provides long-term acute care services to medically complex patients.

According to Zacks Investment Research, “Kindred Healthcare, Inc. is one of the largest providers of long-term healthcare services in the United States. Their health services division provides long-term care services by operating nursing centers and a rehabilitation therapy business, and their hospital division provides long-term acute care services by operating hospitals and an institutional pharmacy business.”