Brandywine Global Investment Management LLC Cuts Position in HealthSouth Corporation (HLS)
Brandywine Global Investment Management LLC reduced its stake in HealthSouth Corporation (NYSE:HLS) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,683 shares of the company’s stock after selling 14,230 shares during the quarter. Brandywine Global Investment Management LLC owned 0.29% of HealthSouth Corporation worth $13,924,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Voya Investment Management LLC lifted its position in HealthSouth Corporation by 4.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,621,585 shares of the company’s stock valued at $78,485,000 after acquiring an additional 68,486 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in HealthSouth Corporation by 19.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 733,696 shares of the company’s stock valued at $35,511,000 after acquiring an additional 121,705 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in HealthSouth Corporation by 107.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 11,226 shares of the company’s stock valued at $543,000 after acquiring an additional 5,813 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in HealthSouth Corporation by 23.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 209,372 shares of the company’s stock valued at $10,134,000 after acquiring an additional 40,200 shares in the last quarter. Finally, Globeflex Capital L P lifted its position in HealthSouth Corporation by 12.4% in the 2nd quarter. Globeflex Capital L P now owns 20,758 shares of the company’s stock valued at $1,005,000 after acquiring an additional 2,288 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors and hedge funds.
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Shares of HealthSouth Corporation (NYSE HLS) opened at 46.35 on Friday. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The company has a market capitalization of $4.58 billion, a PE ratio of 16.89 and a beta of 0.59. The firm’s 50-day moving average is $44.26 and its 200 day moving average is $44.95.
HealthSouth Corporation (NYSE:HLS) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm 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 revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Equities research analysts predict that HealthSouth Corporation will post $2.71 EPS 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 2.16%. The ex-dividend date of this dividend is Friday, September 29th. HealthSouth Corporation’s dividend payout ratio (DPR) is currently 35.29%.
Several equities research analysts recently commented on HLS shares. Zacks Investment Research cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Stephens started coverage on shares of HealthSouth Corporation in a research report on Thursday, August 31st. They issued an “overweight” rating and a $53.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of HealthSouth Corporation in a research report on Wednesday, September 6th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $50.00 price objective on shares of HealthSouth Corporation in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. HealthSouth Corporation presently has a consensus rating of “Hold” and an average target price of $49.71.
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.
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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