HealthSouth Corporation (NYSE:HLS) Stake Cut by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its stake in HealthSouth Corporation (NYSE:HLS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 816,180 shares of the company’s stock after selling 11,745 shares during the period. HealthSouth Corporation makes up about 5.6% of Cumberland Partners Ltd’s holdings, making the stock its largest position. Cumberland Partners Ltd owned approximately 0.91% of HealthSouth Corporation worth $39,503,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. World Asset Management Inc increased its stake in shares of HealthSouth Corporation by 0.8% in the first quarter. World Asset Management Inc now owns 5,487 shares of the company’s stock valued at $235,000 after buying an additional 41 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of HealthSouth Corporation by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock valued at $344,000 after buying an additional 48 shares in the last quarter. Horrell Capital Management Inc. increased its stake in shares of HealthSouth Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $1,167,000 after buying an additional 100 shares in the last quarter. CWM LLC increased its stake in shares of HealthSouth Corporation by 2.1% in the first quarter. CWM LLC now owns 6,384 shares of the company’s stock valued at $273,000 after buying an additional 130 shares in the last quarter. Finally, NGAM Advisors L.P. increased its stake in shares of HealthSouth Corporation by 1.4% in the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock valued at $506,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

HealthSouth Corporation (NYSE HLS) opened at 43.59 on Friday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 15.89 and a beta of 0.61. HealthSouth Corporation has a 52-week low of $36.97 and a 52-week high of $49.71. The company’s 50-day moving average is $45.71 and its 200 day moving average is $44.16.

HealthSouth Corporation (NYSE:HLS) last issued its earnings results on Monday, July 31st. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. HealthSouth Corporation had a return on equity of 25.07% and a net margin of 6.70%. The business had revenue of $981.30 million during the quarter, compared to analyst estimates of $976.46 million. During the same quarter in the previous year, the firm earned $0.69 EPS. HealthSouth Corporation’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that HealthSouth Corporation will post $2.71 earnings per share 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 $0.25 dividend. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. HealthSouth Corporation’s payout ratio is 35.29%.

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HLS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, August 2nd. ValuEngine upgraded shares of HealthSouth Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of HealthSouth Corporation in a report on Wednesday, July 5th. BidaskClub upgraded shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 target price on shares of HealthSouth Corporation in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.83.

In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $42.55, for a total value of $962,693.75. Following the completion of the transaction, the chief executive officer now owns 283,134 shares of the company’s stock, valued at approximately $12,047,351.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

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.

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

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