Eagle Asset Management Inc. Boosts Position in HealthSouth Corporation (HLS)

Eagle Asset Management Inc. boosted its stake in HealthSouth Corporation (NYSE:HLS) by 17.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,102,063 shares of the company’s stock after purchasing an additional 163,116 shares during the period. Eagle Asset Management Inc. owned about 1.12% of HealthSouth Corporation worth $53,339,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in HealthSouth Corporation by 10.1% in the 2nd quarter. Principal Financial Group Inc. now owns 1,147,210 shares of the company’s stock valued at $55,524,000 after purchasing an additional 105,681 shares during the last quarter. Renaissance Group LLC grew its stake in shares of HealthSouth Corporation by 1.9% in the second quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock worth $401,000 after acquiring an additional 152 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HealthSouth Corporation by 161.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,075 shares of the company’s stock worth $391,000 after acquiring an additional 4,992 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of HealthSouth Corporation in the second quarter worth $293,000. Finally, Pacer Advisors Inc. grew its stake in shares of HealthSouth Corporation by 6.3% in the second quarter. Pacer Advisors Inc. now owns 11,868 shares of the company’s stock worth $574,000 after acquiring an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 93.10% of the company’s stock.

In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $972,875.00. Following the transaction, the chief executive officer now directly owns 283,134 shares in the company, valued at approximately $12,174,762. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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Shares of HealthSouth Corporation (HLS) opened at 44.94 on Friday. The firm has a 50 day moving average of $44.19 and a 200 day moving average of $44.89. HealthSouth Corporation has a one year low of $36.97 and a one year high of $49.71. The stock has a market cap of $4.44 billion, a P/E ratio of 15.82 and a beta of 0.59.

HealthSouth Corporation (NYSE:HLS) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The business had revenue of $981.30 million for the quarter, compared to the consensus estimate of $976.46 million. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 29th. This is an increase from HealthSouth Corporation’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. HealthSouth Corporation’s dividend payout ratio is presently 35.29%.

Several research firms have recently issued reports on HLS. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens started coverage on shares of HealthSouth Corporation in a research report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 target price on shares of HealthSouth Corporation in a report on Wednesday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of HealthSouth Corporation in a report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. HealthSouth Corporation currently has an average rating of “Hold” and an average price target of $49.71.

About HealthSouth Corporation

HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.

Institutional Ownership by Quarter for HealthSouth Corporation (NYSE:HLS)

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