HealthSouth Corp. (HLS) Shares Gap Up to $38.38
Shares of HealthSouth Corp. (NYSE:HLS) gapped up before the market opened on Thursday . The stock had previously closed at $38.22, but opened at $38.38. HealthSouth Corp. shares last traded at $39.23, with a volume of 263,366 shares.
HLS has been the topic of several recent research reports. Mizuho boosted their price target on HealthSouth Corp. from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Barclays PLC cut HealthSouth Corp. from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $45.00 to $42.00 in a research report on Monday, June 27th. They noted that the move was a valuation call. Zacks Investment Research cut HealthSouth Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Robert W. Baird restated a “buy” rating on shares of HealthSouth Corp. in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.90.
The company has a 50 day moving average of $39.97 and a 200 day moving average of $36.99. The stock has a market cap of $3.54 billion and a price-to-earnings ratio of 19.01.
HealthSouth Corp. (NYSE:HLS) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.55 by $0.06. During the same period in the previous year, the business posted $0.51 EPS. The company had revenue of $909.80 million for the quarter, compared to the consensus estimate of $892.87 million. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, equities research analysts expect that HealthSouth Corp. will post $2.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.34%.
In other news, insider Cheryl B. Levy sold 11,000 shares of the stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $41.44, for a total transaction of $455,840.00. Following the transaction, the insider now owns 97,513 shares of the company’s stock, valued at $4,040,938.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of large investors have added to or reduced their stakes in HLS. Trexquant Investment LP raised its stake in HealthSouth Corp. by 317.4% in the fourth quarter. Trexquant Investment LP now owns 28,910 shares of the company’s stock valued at $1,006,000 after buying an additional 21,983 shares during the period. GAM Holding AG raised its stake in HealthSouth Corp. by 32.0% in the fourth quarter. GAM Holding AG now owns 29,700 shares of the company’s stock valued at $1,034,000 after buying an additional 7,200 shares during the period. Redwood Investments LLC raised its stake in HealthSouth Corp. by 21.7% in the fourth quarter. Redwood Investments LLC now owns 49,369 shares of the company’s stock valued at $1,719,000 after buying an additional 8,800 shares during the period. Evanston Investments Inc. dba Evanston Advisors raised its stake in HealthSouth Corp. by 10.5% in the fourth quarter. Evanston Investments Inc. dba Evanston Advisors now owns 68,345 shares of the company’s stock valued at $2,379,000 after buying an additional 6,476 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in HealthSouth Corp. during the fourth quarter valued at $2,929,000.
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in over 30 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company’s segments include inpatient rehabilitation, and home health and hospice.
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