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Here’s Why Traders Are Watching Kindred Healthcare, Inc. (KND)

Shares of Kindred Healthcare, Inc. (NYSE:KND) surged sharply on Thursday and are in the spotlight today after Dealreporter reported that the entire company was potentially on the block if the price was right. Kindred, which is currently said to be in talks with multiple potential buyers for its skilled nursing facility segment, is said to have received interest from various parties over a full buyout.

Kindred Healthcare, Inc. (NYSE:KND) responded saying, ‘Kindred does not comment on rumor or speculation. Kindred is working with advisors – including Guggenheim – and engaging with interested parties as part of our plan to exit the skilled nursing facility business and divest facilities’. Shares of Kindred are up 15% year-to-date.

What Does The Smart Money Sentiment Say?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

Our data shows that some smart money funds may have missed out on the stock’s recent gains. 15 top funds were long Kindred Healthcare, Inc. (NYSE:KND) at the end of the fourth quarter, down 5 funds from the previous quarter. Those numbers are out of the 742 total funds we track.

The Bottom Line

Kindred Healthcare, Inc. (NYSE:KND) is trending due to the news of potential M&A. For more reading, check out ‘11 Biggest Hospitals In the World‘.




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