HealthSouth Corporation (NYSE:HLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “HEALTHSOUTH Corp. is the one of the nation’s largest providers of outpatient surgery and rehabilitative healthcare services. The company provides these services through its national network of inpatient and outpatient healthcare facilities, including inpatient and outpatient rehabilitation facilities, outpatient surgery centers, diagnostic centers, occupational medicine centers, medical centers and other healthcare facilities. “
A number of other research firms also recently commented on HLS. Piper Jaffray Companies restated a “hold” rating and set a $50.00 price objective on shares of HealthSouth Corporation in a research note on Thursday, August 3rd. Robert W. Baird restated a “buy” rating and set a $55.00 price objective on shares of HealthSouth Corporation in a research note on Monday. ValuEngine downgraded shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp initiated coverage on shares of HealthSouth Corporation in a research note on Thursday, June 15th. They set a “sector weight” rating for the company. Finally, BidaskClub upgraded shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $50.38.
HealthSouth Corporation (HLS) opened at 45.29 on Wednesday. The firm’s 50-day moving average price is $45.04 and its 200 day moving average price is $45.33. 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 $4.47 billion, a price-to-earnings ratio of 16.51 and a beta of 0.58.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings data on Monday, July 31st. The company reported $0.71 EPS for the quarter, topping the Zacks’ 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 company had revenue of $981.30 million during the quarter, compared to the consensus estimate of $976.46 million. During the same period in the prior year, the business posted $0.69 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.
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In related news, CEO Mark J. Tarr sold 22,625 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $42.55, for a total value of $962,693.75. Following the completion of the sale, the chief executive officer now directly owns 283,134 shares in the company, valued at approximately $12,047,351.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. acquired a new stake in HealthSouth Corporation in the 3rd quarter valued at about $469,000. Public Employees Retirement System of Ohio lifted its stake in HealthSouth Corporation by 66.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 95,993 shares of the company’s stock valued at $4,646,000 after purchasing an additional 38,428 shares during the last quarter. Colony Group LLC acquired a new stake in HealthSouth Corporation in the 2nd quarter valued at about $258,000. Piedmont Investment Advisors LLC lifted its stake in HealthSouth Corporation by 63.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 47,826 shares of the company’s stock valued at $2,315,000 after purchasing an additional 18,597 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in HealthSouth Corporation by 9.2% in the 2nd quarter. Sterling Capital Management LLC now owns 18,068 shares of the company’s stock valued at $874,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.
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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