OxFORD Asset Management LLP lowered its position in HealthSouth Corporation (NYSE:HLS) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,790 shares of the company’s stock after selling 1,806 shares during the period. OxFORD Asset Management LLP’s holdings in HealthSouth Corporation were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of HealthSouth Corporation by 4.6% during the second quarter. Vanguard Group Inc. now owns 7,532,456 shares of the company’s stock worth $364,571,000 after acquiring an additional 328,081 shares during the period. William Blair Investment Management LLC increased its position in shares of HealthSouth Corporation by 13.9% during the second quarter. William Blair Investment Management LLC now owns 4,302,756 shares of the company’s stock worth $208,253,000 after acquiring an additional 525,767 shares during the period. Bank of New York Mellon Corp increased its position in shares of HealthSouth Corporation by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,458,636 shares of the company’s stock worth $70,597,000 after acquiring an additional 23,480 shares during the period. Principal Financial Group Inc. increased its position in shares of HealthSouth Corporation by 10.1% during the second quarter. Principal Financial Group Inc. now owns 1,147,210 shares of the company’s stock worth $55,524,000 after acquiring an additional 105,681 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of HealthSouth Corporation by 17.4% during the second quarter. Eagle Asset Management Inc. now owns 1,102,063 shares of the company’s stock worth $53,339,000 after acquiring an additional 163,116 shares during the period. 93.08% of the stock is owned by institutional investors and hedge funds.
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HLS has been the topic of a number of research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 target price on shares of HealthSouth Corporation in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of HealthSouth Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 target price on shares of HealthSouth Corporation in a research report on Monday, October 9th. ValuEngine lowered shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Mizuho raised their target price on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.38.
In other news, CEO Mark J. Tarr sold 22,625 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $43.00, for a total value of $972,875.00. Following the transaction, the chief executive officer now directly owns 283,134 shares in the company, valued at approximately $12,174,762. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
HealthSouth Corporation (HLS) opened at 46.58 on Friday. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The stock’s 50 day moving average is $45.36 and its 200-day moving average is $45.47. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 16.98 and a beta of 0.58.
HealthSouth Corporation (NYSE:HLS) last issued its quarterly earnings data on Monday, July 31st. The company reported $0.71 EPS for the quarter, topping the 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 firm had revenue of $981.30 million for the quarter, compared to analyst estimates of $976.46 million. During the same period in the prior year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that HealthSouth Corporation will post $2.71 earnings per share for the current year.
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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