Schroder Investment Management Group Trims Position in HealthSouth Corporation (HLS)
Schroder Investment Management Group decreased its stake in shares of HealthSouth Corporation (NYSE:HLS) by 75.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,015 shares of the company’s stock after selling 309,224 shares during the period. Schroder Investment Management Group owned 0.10% of HealthSouth Corporation worth $4,806,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. World Asset Management Inc lifted its position in HealthSouth Corporation by 0.8% during the 1st quarter. World Asset Management Inc now owns 5,487 shares of the company’s stock worth $235,000 after buying an additional 41 shares in the last quarter. Teacher Retirement System of Texas lifted its position in HealthSouth Corporation by 0.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock worth $344,000 after buying an additional 48 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in HealthSouth Corporation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock worth $633,000 after buying an additional 64 shares in the last quarter. NGAM Advisors L.P. lifted its position in HealthSouth Corporation by 1.4% during the 2nd quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock worth $506,000 after buying an additional 142 shares in the last quarter. Finally, Renaissance Group LLC lifted its position in HealthSouth Corporation by 1.9% during the 2nd quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock worth $401,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.
HealthSouth Corporation (HLS) opened at 43.65 on Wednesday. The firm’s 50-day moving average is $44.26 and its 200-day moving average is $44.95. The firm has a market capitalization of $4.31 billion, a P/E ratio of 15.37 and a beta of 0.59. HealthSouth Corporation has a 52-week low of $36.97 and a 52-week high of $49.71.
HealthSouth Corporation (NYSE:HLS) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, beating 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 firm had revenue of $981.30 million for the quarter, compared to analyst estimates of $976.46 million. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that HealthSouth Corporation will post $2.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 29th. HealthSouth Corporation’s dividend payout ratio (DPR) is presently 35.29%.
Several research analysts recently issued reports on HLS shares. KeyCorp started coverage on shares of HealthSouth Corporation in a research report on Thursday, June 15th. They set a “sector weight” rating on the stock. Zacks Investment Research downgraded shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine downgraded shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Finally, BidaskClub upgraded shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. HealthSouth Corporation presently has a consensus rating of “Hold” and an average price target of $49.71.
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In other news, CEO Mark J. Tarr sold 22,625 shares of HealthSouth Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $43.00, for a total transaction of $972,875.00. Following the sale, the chief executive officer now directly owns 283,134 shares of the company’s stock, valued at $12,174,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
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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