HealthSouth Corporation (HLS) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of HealthSouth Corporation (NYSE:HLS) from a buy rating to a hold rating in a research note published on Tuesday.
According to Zacks, “HEALTHSOUTH Corp. is the one of the nation’s largest providers of outpatient surgery and rehabilitative healthcare services. The company provides these services through its national network of inpatient and outpatient healthcare facilities, including inpatient and outpatient rehabilitation facilities, outpatient surgery centers, diagnostic centers, occupational medicine centers, medical centers and other healthcare facilities. “
HLS has been the subject of a number of other reports. ValuEngine cut shares of HealthSouth Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub cut shares of HealthSouth Corporation from a hold rating to a sell rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a buy rating and issued a $53.00 price target on shares of HealthSouth Corporation in a report on Wednesday, July 5th. Barclays PLC restated an underweight rating and issued a $46.00 price target (up from $44.00) on shares of HealthSouth Corporation in a report on Monday, May 1st. Finally, Mizuho raised their price target on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the stock a neutral rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. HealthSouth Corporation has an average rating of Hold and a consensus price target of $48.83.
Shares of HealthSouth Corporation (NYSE:HLS) opened at 44.05 on Tuesday. HealthSouth Corporation has a 52-week low of $36.97 and a 52-week high of $49.71. The company has a market capitalization of $4.35 billion, a PE ratio of 16.05 and a beta of 0.61. The company has a 50-day moving average of $45.30 and a 200 day moving average of $44.32.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $981.30 million during the quarter, compared to analysts’ expectations of $976.46 million. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. Analysts predict that HealthSouth Corporation will post $2.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.25 per share. This is a boost from HealthSouth Corporation’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, September 29th. HealthSouth Corporation’s dividend payout ratio (DPR) is currently 35.29%.
In other news, CEO Mark J. Tarr sold 22,625 shares of HealthSouth Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $972,875.00. Following the completion of the transaction, the chief executive officer now directly owns 283,134 shares in the company, valued at $12,174,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. World Asset Management Inc boosted its position 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 worth $235,000 after buying an additional 41 shares in the last quarter. Teacher Retirement System of Texas raised its position in HealthSouth Corporation by 0.7% in the second 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in HealthSouth Corporation by 0.5% in the second 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 during the last quarter. CWM LLC raised its position in HealthSouth Corporation by 2.1% in the first quarter. CWM LLC now owns 6,384 shares of the company’s stock worth $273,000 after buying an additional 130 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in HealthSouth Corporation by 1.4% in the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock worth $506,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.
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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