Advisors Asset Management Inc. boosted its holdings in HealthSouth Corp (NYSE:HLS) by 32.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 22,281 shares of the company’s stock after buying an additional 5,463 shares during the period. Advisors Asset Management Inc.’s holdings in HealthSouth were worth $1,033,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its stake in shares of HealthSouth by 7.6% in the second quarter. Aperio Group LLC now owns 21,165 shares of the company’s stock worth $1,024,000 after buying an additional 1,496 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of HealthSouth by 18.8% in the second quarter. Russell Investments Group Ltd. now owns 322,451 shares of the company’s stock worth $15,607,000 after buying an additional 50,958 shares during the last quarter. Strs Ohio increased its stake in shares of HealthSouth by 7.5% in the second quarter. Strs Ohio now owns 14,300 shares of the company’s stock worth $692,000 after buying an additional 1,000 shares during the last quarter. NGAM Advisors L.P. increased its stake in shares of HealthSouth by 1.4% in the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock worth $506,000 after buying an additional 142 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of HealthSouth by 3.1% in the second quarter. Great West Life Assurance Co. Can now owns 53,265 shares of the company’s stock worth $2,577,000 after buying an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 93.37% of the company’s stock.
HLS has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of HealthSouth from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Stephens initiated coverage on shares of HealthSouth in a report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 price objective for the company. ValuEngine downgraded shares of HealthSouth from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and set a $55.00 price target on shares of HealthSouth in a report on Wednesday, September 6th. Finally, KeyCorp reissued a “hold” rating on shares of HealthSouth in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.75.
In related news, Director Yvonne M. Curl acquired 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $45.95 per share, for a total transaction of $45,950.00. Following the acquisition, the director now owns 64,144 shares in the company, valued at $2,947,416.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.
Shares of HealthSouth Corp (NYSE HLS) opened at $49.21 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $4,837.88, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.54. HealthSouth Corp has a 1 year low of $38.24 and a 1 year high of $50.41.
HealthSouth (NYSE:HLS) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm had revenue of $995.60 million for the quarter, compared to the consensus estimate of $985.75 million. HealthSouth had a return on equity of 22.81% and a net margin of 6.69%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. equities analysts anticipate that HealthSouth Corp will post 2.72 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 29th. This represents a $1.00 annualized dividend and a yield of 2.03%. HealthSouth’s payout ratio is presently 36.36%.
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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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