Parametric Portfolio Associates LLC Boosts Stake in HealthSouth Corporation (HLS)
Parametric Portfolio Associates LLC lifted its position in HealthSouth Corporation (NYSE:HLS) by 23.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,372 shares of the company’s stock after purchasing an additional 40,200 shares during the quarter. Parametric Portfolio Associates LLC owned 0.21% of HealthSouth Corporation worth $10,134,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HLS. First Mercantile Trust Co. boosted its holdings in shares of HealthSouth Corporation by 18.8% in the 2nd quarter. First Mercantile Trust Co. now owns 2,720 shares of the company’s stock worth $132,000 after purchasing an additional 430 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of HealthSouth Corporation by 64.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the company’s stock worth $136,000 after purchasing an additional 1,100 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of HealthSouth Corporation by 33.8% in the 2nd quarter. Advisor Group Inc. now owns 3,092 shares of the company’s stock worth $149,000 after purchasing an additional 781 shares in the last quarter. HL Financial Services LLC purchased a new position in shares of HealthSouth Corporation in the 2nd quarter worth about $213,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of HealthSouth Corporation by 60.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,462 shares of the company’s stock worth $264,000 after purchasing an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.
In related news, CEO Mark J. Tarr sold 22,625 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 283,134 shares in the company, valued at $12,047,351.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.
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HealthSouth Corporation (NYSE:HLS) opened at 45.41 on Friday. HealthSouth Corporation has a 12-month low of $36.97 and a 12-month high of $49.71. The stock has a market capitalization of $4.48 billion, a PE ratio of 16.55 and a beta of 0.58. The stock has a 50 day moving average price of $45.14 and a 200-day moving average price of $45.33.
HealthSouth Corporation (NYSE:HLS) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $981.30 million for the quarter, compared to analysts’ expectations of $976.46 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, September 29th. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. HealthSouth Corporation’s payout ratio is 36.76%.
A number of research firms have recently issued reports on HLS. Zacks Investment Research cut HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 price objective on shares of HealthSouth Corporation in a report on Wednesday, July 5th. KeyCorp began coverage on HealthSouth Corporation in a report on Thursday, June 15th. They issued a “sector weight” rating for the company. Mizuho upped their price objective on HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, July 10th. Finally, BidaskClub upgraded HealthSouth Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.38.
HealthSouth Corporation 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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