HealthSouth Corporation (HLS) Holdings Lifted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its position in HealthSouth Corporation (NYSE:HLS) by 5.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 671,304 shares of the company’s stock after buying an additional 34,035 shares during the period. Schwab Charles Investment Management Inc. owned about 0.75% of HealthSouth Corporation worth $32,492,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trexquant Investment LP purchased a new position in HealthSouth Corporation in the second quarter valued at $284,000. HL Financial Services LLC purchased a new position in HealthSouth Corporation in the second quarter valued at $213,000. Hussman Strategic Advisors Inc. increased its holdings in HealthSouth Corporation by 48.8% in the second quarter. Hussman Strategic Advisors Inc. now owns 152,400 shares of the company’s stock valued at $7,376,000 after buying an additional 50,000 shares in the last quarter. Retirement Systems of Alabama increased its holdings in HealthSouth Corporation by 0.3% in the second quarter. Retirement Systems of Alabama now owns 166,870 shares of the company’s stock valued at $8,077,000 after buying an additional 503 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in HealthSouth Corporation by 25.2% in the second quarter. Sei Investments Co. now owns 182,670 shares of the company’s stock valued at $8,842,000 after buying an additional 36,718 shares in the last quarter. 93.10% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. KeyCorp reaffirmed a “hold” rating on shares of HealthSouth Corporation in a report on Thursday, September 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of HealthSouth Corporation in a report on Wednesday, September 6th. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Stephens assumed coverage on shares of HealthSouth Corporation in a report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 price objective for the company. Finally, Zacks Investment Research cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.71.
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Shares of HealthSouth Corporation (NYSE:HLS) opened at 45.29 on Wednesday. The stock has a 50 day moving average of $44.09 and a 200 day moving average of $44.85. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 16.51 and a beta of 0.59.
HealthSouth Corporation (NYSE:HLS) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The business had revenue of $981.30 million during the quarter, compared to the consensus estimate of $976.46 million. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that HealthSouth Corporation will post $2.71 EPS 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 issued a dividend of $0.25 per share. This is an increase from HealthSouth Corporation’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, September 29th. HealthSouth Corporation’s dividend payout ratio (DPR) is 35.29%.
In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the firm’s 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 approximately $12,174,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% 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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