Kindred Healthcare, Inc. (KND) Hedge Funds Are Snapping Up

Now, some big names were leading the bulls’ herd. Visium Asset Management created the most outsized position in Kindred Healthcare, Inc. (NYSE:KND). Visium Asset Management had $29.2 million invested in the company at the end of the quarter. Larry Robbins’ Glenview Capital also made a $27 million investment in the stock during the quarter. The other funds with new positions in the stock are David Keidan’s Buckingham Capital Management, John Croghan and Richard Fradin’s Rail-Splitter Capital Management, and Benjamin A. Smith’s Laurion Capital Management.

Let’s now review hedge fund activity in other stocks similar to Kindred Healthcare, Inc. (NYSE:KND). We will take a look at CONMED Corporation (NASDAQ:CNMD), Brink’S Co (NYSE:BCO), RealPage, Inc. (NASDAQ:RP), and Drew Industries, Inc. (NYSE:DW). All of these stocks’ market caps are closest to Kindred Healthcare, Inc. (NYSE:KND)’s market cap.

As you can see, these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $250 million. That figure was $407 million in Kindred Healthcare, Inc. (NYSE:KND)’s case. CONMED Corporation (NASDAQ:CNMD) is the most popular stock in this table. On the other hand, Drew Industries, Inc. (NYSE:DW) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks, Kindred Healthcare, Inc. (NYSE:KND) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.