Yvonne M. Curl Acquires 1,000 Shares of HealthSouth Corporation (HLS) Stock
HealthSouth Corporation (NYSE:HLS) Director Yvonne M. Curl bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was acquired at an average cost of $45.95 per share, with a total value of $45,950.00. Following the transaction, the director now owns 64,144 shares in the company, valued at approximately $2,947,416.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HealthSouth Corporation (NYSE:HLS) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. HealthSouth Corporation had a return on equity of 22.81% and a net margin of 6.69%. The company had revenue of $995.60 million during the quarter, compared to analysts’ expectations of $985.75 million. During the same period last year, the business posted $0.65 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, December 29th. HealthSouth Corporation’s dividend payout ratio (DPR) is presently 36.36%.
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Large investors have recently made changes to their positions in the company. First Mercantile Trust Co. raised its stake in shares of HealthSouth Corporation by 18.8% in the second quarter. First Mercantile Trust Co. now owns 2,720 shares of the company’s stock worth $132,000 after purchasing an additional 430 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of HealthSouth Corporation by 64.7% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the company’s stock worth $136,000 after purchasing an additional 1,100 shares during the last quarter. Advisor Group Inc. raised its stake in shares of HealthSouth Corporation by 33.8% in the second quarter. Advisor Group Inc. now owns 3,092 shares of the company’s stock worth $149,000 after purchasing an additional 781 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of HealthSouth Corporation in the second quarter worth about $210,000. Finally, HL Financial Services LLC purchased a new position in shares of HealthSouth Corporation in the second quarter worth about $213,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.
HLS has been the subject of a number of recent analyst reports. Zacks Investment Research raised HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine lowered HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 target price on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. KeyCorp reissued a “hold” rating on shares of HealthSouth Corporation in a research report on Thursday, September 7th. Finally, Robert W. Baird reissued a “buy” rating and issued a $55.00 target price on shares of HealthSouth Corporation in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.75.
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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