Epoch Investment Partners Inc. raised its stake in HealthSouth Corporation (NYSE:HLS) by 19.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,696 shares of the company’s stock after acquiring an additional 121,705 shares during the period. Epoch Investment Partners Inc. owned 0.74% of HealthSouth Corporation worth $35,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of HealthSouth Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 7,532,456 shares of the company’s stock valued at $364,571,000 after buying an additional 328,081 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of HealthSouth Corporation by 13.9% in the second quarter. William Blair Investment Management LLC now owns 4,302,756 shares of the company’s stock valued at $208,253,000 after buying an additional 525,767 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of HealthSouth Corporation by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,458,636 shares of the company’s stock valued at $70,597,000 after buying an additional 23,480 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of HealthSouth Corporation by 10.1% in the second quarter. Principal Financial Group Inc. now owns 1,147,210 shares of the company’s stock valued at $55,524,000 after buying an additional 105,681 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of HealthSouth Corporation by 17.4% in the second quarter. Eagle Asset Management Inc. now owns 1,102,063 shares of the company’s stock valued at $53,339,000 after buying an additional 163,116 shares during the last quarter. Institutional investors own 93.04% of the company’s stock.
In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 283,134 shares of the company’s stock, valued at approximately $12,174,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
HealthSouth Corporation (NYSE:HLS) traded up 1.07% on Tuesday, reaching $45.30. 92,857 shares of the company traded hands. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The company has a market capitalization of $4.47 billion, a P/E ratio of 16.51 and a beta of 0.59. The company has a 50-day moving average price of $44.26 and a 200-day moving average price of $44.95.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $976.46 million. During the same period in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that HealthSouth Corporation will post $2.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 29th. HealthSouth Corporation’s payout ratio is presently 35.29%.
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A number of brokerages have recently commented on HLS. Mizuho upped their target price on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, July 10th. BidaskClub cut shares of HealthSouth Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Zacks Investment Research cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Stephens began coverage on shares of HealthSouth Corporation in a report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.71.
HealthSouth Corporation Company Profile
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.
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