Investec Asset Management LTD Grows Holdings in HealthSouth Corp (HLS)
Investec Asset Management LTD boosted its holdings in HealthSouth Corp (NYSE:HLS) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,937 shares of the company’s stock after purchasing an additional 21,000 shares during the quarter. Investec Asset Management LTD owned approximately 0.21% of HealthSouth worth $9,545,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in HLS. First Mercantile Trust Co. boosted its holdings in HealthSouth by 18.8% in 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 period. Acrospire Investment Management LLC boosted its holdings in HealthSouth by 64.7% in the second 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 during the period. Advisor Group Inc. boosted its holdings in HealthSouth by 33.8% in the second quarter. Advisor Group Inc. now owns 3,092 shares of the company’s stock worth $149,000 after purchasing an additional 781 shares during the period. Petrus Trust Company LTA acquired a new position in HealthSouth in the second quarter worth $210,000. Finally, HL Financial Services LLC acquired a new position in HealthSouth in the second quarter worth $213,000. 93.39% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on HLS. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 price objective on shares of HealthSouth in a report on Thursday, August 3rd. Stephens began coverage on shares of HealthSouth in a report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of HealthSouth in a report on Tuesday, November 21st. Robert W. Baird reissued a “buy” rating and set a $55.00 price target on shares of HealthSouth in a report on Monday, October 9th. Finally, KeyCorp reissued a “hold” rating on shares of HealthSouth in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.75.
Shares of HealthSouth Corp (NYSE HLS) traded down $0.77 on Friday, hitting $49.18. 740,783 shares of the stock traded hands, compared to its average volume of 906,165. HealthSouth Corp has a 52 week low of $38.24 and a 52 week high of $50.15. The firm has a market capitalization of $4,830.00, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.52. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.89.
HealthSouth (NYSE:HLS) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. HealthSouth had a net margin of 6.69% and a return on equity of 22.81%. The company had revenue of $995.60 million during the quarter, compared to the consensus estimate of $985.75 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts expect that HealthSouth Corp will post 2.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, December 29th. HealthSouth’s dividend payout ratio (DPR) is 36.50%.
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HealthSouth 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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