HealthSouth Corporation (HLS) Position Held by Royce & Associates LP
Royce & Associates LP held its stake in shares of HealthSouth Corporation (NYSE:HLS) during the first quarter, Holdings Channel reports. The institutional investor owned 183,713 shares of the company’s stock at the end of the first quarter. Royce & Associates LP owned approximately 0.21% of HealthSouth Corporation worth $7,865,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of HLS. Advantus Capital Management Inc increased its stake in shares of HealthSouth Corporation by 2.2% in the first quarter. Advantus Capital Management Inc now owns 11,402 shares of the company’s stock valued at $488,000 after buying an additional 242 shares during the period. Wellington Management Group LLP increased its stake in shares of HealthSouth Corporation by 4,377.7% in the first quarter. Wellington Management Group LLP now owns 995,082 shares of the company’s stock valued at $42,599,000 after buying an additional 972,859 shares during the period. Principal Financial Group Inc. increased its stake in shares of HealthSouth Corporation by 2.2% in the first quarter. Principal Financial Group Inc. now owns 1,041,529 shares of the company’s stock valued at $44,588,000 after buying an additional 22,451 shares during the period. United Services Automobile Association increased its stake in shares of HealthSouth Corporation by 13.1% in the first quarter. United Services Automobile Association now owns 146,070 shares of the company’s stock valued at $6,253,000 after buying an additional 16,890 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of HealthSouth Corporation by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 41,610 shares of the company’s stock valued at $1,781,000 after buying an additional 720 shares during the period. Institutional investors own 97.64% of the company’s stock.
HealthSouth Corporation (NYSE HLS) traded down 0.02% on Friday, hitting $47.34. The stock had a trading volume of 948,540 shares. HealthSouth Corporation has a one year low of $36.97 and a one year high of $47.89. The company’s 50-day moving average is $46.75 and its 200-day moving average is $43.01. The stock has a market cap of $4.24 billion, a P/E ratio of 17.68 and a beta of 0.75.
HealthSouth Corporation (NYSE:HLS) last announced its earnings results on Thursday, April 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. HealthSouth Corporation had a return on equity of 28.73% and a net margin of 6.80%. The business had revenue of $974.80 million for the quarter, compared to analyst estimates of $960.05 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that HealthSouth Corporation will post $2.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, June 29th. HealthSouth Corporation’s payout ratio is 35.96%.
Several brokerages have weighed in on HLS. KeyCorp began coverage on HealthSouth Corporation in a report on Thursday. They set a “sector weight” rating on the stock. ValuEngine downgraded HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded HealthSouth Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Barclays PLC restated an “underweight” rating and set a $46.00 price target (up previously from $44.00) on shares of HealthSouth Corporation in a report on Monday, May 1st. Finally, Royal Bank Of Canada upped their price target on HealthSouth Corporation from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. HealthSouth Corporation presently has an average rating of “Hold” and an average target price of $47.79.
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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