Legal & General Group Plc Has $4.90 Million Position in HealthSouth Corporation (HLS)
Legal & General Group Plc increased its position in shares of HealthSouth Corporation (NYSE:HLS) by 16.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,108 shares of the company’s stock after purchasing an additional 13,947 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of HealthSouth Corporation worth $4,898,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. boosted its holdings in HealthSouth Corporation by 18.8% during the second quarter. First Mercantile Trust Co. now owns 2,720 shares of the company’s stock worth $132,000 after purchasing an additional 430 shares during the last quarter. Neuburgh Advisers LLC boosted its holdings in HealthSouth Corporation by 40.1% during the first quarter. Neuburgh Advisers LLC now owns 3,072 shares of the company’s stock worth $132,000 after purchasing an additional 880 shares during the last quarter. Glen Harbor Capital Management LLC boosted its holdings in HealthSouth Corporation by 40.1% during the first quarter. Glen Harbor Capital Management LLC now owns 4,224 shares of the company’s stock worth $181,000 after purchasing an additional 1,210 shares during the last quarter. HL Financial Services LLC purchased a new position in HealthSouth Corporation during the second quarter worth about $213,000. Finally, BB&T Corp purchased a new position in HealthSouth Corporation during the first quarter worth about $200,000. Institutional investors and hedge funds own 93.10% of the company’s stock.
In related news, CEO Mark J. Tarr sold 22,625 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $43.00, for a total value of $972,875.00. Following the transaction, the chief executive officer now owns 283,134 shares of the company’s stock, valued at $12,174,762. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
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Shares of HealthSouth Corporation (HLS) opened at 44.73 on Monday. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 16.30 and a beta of 0.59. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The firm has a 50-day moving average of $44.10 and a 200 day moving average of $44.79.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The company had revenue of $981.30 million for the quarter, compared to the consensus estimate of $976.46 million. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. On average, analysts expect 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. Investors of record on Monday, October 2nd will be issued a $0.25 dividend. This is an increase from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. HealthSouth Corporation’s dividend payout ratio (DPR) is presently 35.29%.
HLS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Wednesday, August 2nd. ValuEngine raised shares of HealthSouth Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price objective on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 price objective on shares of HealthSouth Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub raised 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 four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.71.
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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