Heartland Advisors Inc. bought a new position in shares of HealthSouth Corporation (NYSE:HLS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,806 shares of the company’s stock, valued at approximately $223,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of HLS. Mackay Shields LLC bought a new position in HealthSouth Corporation during the second quarter worth $39,641,000. TimesSquare Capital Management LLC bought a new position in HealthSouth Corporation during the second quarter worth $37,868,000. APG Asset Management N.V. bought a new position in HealthSouth Corporation during the third quarter worth $27,082,000. William Blair Investment Management LLC boosted its stake in HealthSouth Corporation by 13.9% during the second quarter. William Blair Investment Management LLC now owns 4,302,756 shares of the company’s stock worth $208,253,000 after acquiring an additional 525,767 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in HealthSouth Corporation by 421.4% during the second quarter. Balyasny Asset Management LLC now owns 618,311 shares of the company’s stock worth $29,926,000 after acquiring an additional 499,715 shares in the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the stock. Mizuho raised shares of HealthSouth Corporation from a “neutral” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research lowered shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of HealthSouth Corporation in a research note on Monday, October 9th. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 target price on shares of HealthSouth Corporation in a research note on Sunday, September 17th. Finally, KeyCorp reissued a “hold” rating on shares of HealthSouth Corporation in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.75.
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In other news, CEO Mark J. Tarr sold 22,625 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $972,875.00. Following the sale, the chief executive officer now owns 283,134 shares in the company, valued at approximately $12,174,762. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.
HealthSouth Corporation (NYSE:HLS) last announced its earnings results on Thursday, October 26th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. HealthSouth Corporation had a net margin of 6.69% and a return on equity of 22.81%. The firm had revenue of $995.60 million for the quarter, compared to analysts’ expectations of $985.75 million. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, December 29th. HealthSouth Corporation’s dividend payout ratio (DPR) 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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