Oregon Public Employees Retirement Fund Has $1.69 Million Holdings in HealthSouth Corporation (HLS)
Oregon Public Employees Retirement Fund raised its position in HealthSouth Corporation (NYSE:HLS) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,399 shares of the company’s stock after buying an additional 3,627 shares during the period. Oregon Public Employees Retirement Fund’s holdings in HealthSouth Corporation were worth $1,687,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its position in HealthSouth Corporation by 18.8% in the 2nd quarter. First Mercantile Trust Co. now owns 2,720 shares of the company’s stock valued at $132,000 after buying an additional 430 shares during the last quarter. Acrospire Investment Management LLC boosted its position in HealthSouth Corporation by 64.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,800 shares of the company’s stock valued at $136,000 after buying an additional 1,100 shares during the last quarter. Advisor Group Inc. boosted its position in HealthSouth Corporation by 33.8% in the 2nd quarter. Advisor Group Inc. now owns 3,092 shares of the company’s stock valued at $149,000 after buying an additional 781 shares during the last quarter. Petrus Trust Company LTA purchased a new position in HealthSouth Corporation in the 2nd quarter valued at about $210,000. Finally, HL Financial Services LLC purchased a new position in HealthSouth Corporation in the 2nd quarter valued at about $213,000. 93.60% of the stock is owned by institutional investors.
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HLS has been the topic of a number of recent analyst reports. Mizuho upgraded shares of HealthSouth Corporation from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $55.00 target price on shares of HealthSouth Corporation in a research note on Monday, October 9th. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 target price on shares of HealthSouth Corporation in a research note on Sunday, September 17th. Finally, KeyCorp restated a “hold” rating on shares of HealthSouth Corporation in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. HealthSouth Corporation presently has a consensus rating of “Hold” and a consensus price target of $51.75.
Shares of HealthSouth Corporation (NYSE:HLS) opened at $48.70 on Tuesday. The firm has a market cap of $4,768.07, a PE ratio of 17.38, a P/E/G ratio of 1.78 and a beta of 0.52. HealthSouth Corporation has a 12 month low of $38.24 and a 12 month high of $49.99. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.34 and a current ratio of 1.34.
HealthSouth Corporation (NYSE:HLS) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $995.60 million for the quarter, compared to analyst estimates of $985.75 million. HealthSouth Corporation had a net margin of 6.69% and a return on equity of 22.81%. HealthSouth Corporation’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. analysts expect that HealthSouth Corporation will post 2.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.00 annualized dividend and a yield of 2.05%. HealthSouth Corporation’s dividend payout ratio (DPR) is 36.36%.
In other HealthSouth Corporation news, Director Yvonne M. Curl acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average price of $45.95 per share, for a total transaction of $45,950.00. Following the completion of the purchase, the director now directly owns 64,144 shares in the company, valued at $2,947,416.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by corporate 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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