Principal Financial Group Inc. raised its position in shares of HealthSouth Corporation (NYSE:HLS) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,285,754 shares of the company’s stock after buying an additional 138,544 shares during the period. Principal Financial Group Inc. owned about 1.30% of HealthSouth Corporation worth $59,594,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of HealthSouth Corporation by 11.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 36,399 shares of the company’s stock worth $1,687,000 after buying an additional 3,627 shares during the period. Brookstone Capital Management boosted its position in shares of HealthSouth Corporation by 26.5% during the third quarter. Brookstone Capital Management now owns 7,653 shares of the company’s stock worth $355,000 after buying an additional 1,604 shares during the period. Legato Capital Management LLC boosted its position in shares of HealthSouth Corporation by 80.3% during the third quarter. Legato Capital Management LLC now owns 32,823 shares of the company’s stock worth $1,521,000 after buying an additional 14,621 shares during the period. Bridge City Capital LLC boosted its position in shares of HealthSouth Corporation by 8.7% during the third quarter. Bridge City Capital LLC now owns 30,231 shares of the company’s stock worth $1,401,000 after buying an additional 2,423 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of HealthSouth Corporation by 155.0% during the third quarter. Canada Pension Plan Investment Board now owns 244,000 shares of the company’s stock worth $11,309,000 after buying an additional 148,300 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.
Several research firms have recently commented on HLS. Stephens started coverage on HealthSouth Corporation in a research report on Thursday, August 31st. They set an “overweight” rating and a $53.00 price target for the company. Zacks Investment Research upgraded HealthSouth Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $55.00 target price on shares of HealthSouth Corporation in a report on Wednesday, September 6th. KeyCorp reiterated a “hold” rating on shares of HealthSouth Corporation in a report on Thursday, September 7th. Finally, ValuEngine lowered HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. HealthSouth Corporation has a consensus rating of “Hold” and a consensus price target of $51.75.
In other HealthSouth Corporation news, Director Yvonne M. Curl purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $45.95 per share, for a total transaction of $45,950.00. Following the completion of the purchase, the director now directly owns 64,144 shares in the company, valued at $2,947,416.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.
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Shares of HealthSouth Corporation (NYSE HLS) opened at $48.70 on Tuesday. HealthSouth Corporation has a 52 week low of $38.24 and a 52 week high of $49.99. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $4,768.07, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. HealthSouth Corporation had a return on equity of 22.81% and a net margin of 6.69%. The company had revenue of $995.60 million for the quarter, compared to analysts’ expectations of $985.75 million. During the same period last year, the firm earned $0.65 earnings per share. HealthSouth Corporation’s quarterly revenue was up 7.4% on a year-over-year basis. equities research analysts predict that HealthSouth Corporation will post 2.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, December 29th. HealthSouth Corporation’s dividend payout ratio is presently 36.36%.
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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