Saddle Road Partners buys $674,998 stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Saddle Road Partners scooped up 1,392 additional shares in HealthSouth Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 17,647 shares of HealthSouth Corp which is valued at $674,998.HealthSouth Corp makes up approximately 0.15% of Saddle Road Partners’s portfolio.

HealthSouth Corp opened for trading at $39.14 and hit $41.755 on the upside on Wednesday, eventually ending the session at $41.5, with a gain of 9.27% or 3.52 points. The heightened volatility saw the trading volume jump to 23,81,420 shares. Company has a market cap of $3,726 M.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in HLS in the latest quarter, The investment management firm added 1,350 additional shares and now holds a total of 1,582 shares of HealthSouth Corp which is valued at $60,512. HealthSouth Corp makes up approx 0.02% of Advisory Services Network’s portfolio. Next Financial Group Inc added HLS to its portfolio by purchasing 230 company shares during the most recent quarter which is valued at $8,798. Redwood Investments sold out all of its stake in HLS during the most recent quarter. The investment firm sold 49,369 shares of HLS which is valued $1,888,364.Sit Investment Associates Inc boosted its stake in HLS in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 2,500 shares of HealthSouth Corp which is valued at $91,000.

On the company’s financial health, HealthSouth Corp reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.55. The company had revenue of $909.80 million for the quarter, compared to analysts expectations of $894.01 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses which include physical and cognitive disabilities or injuries due to medical conditions such as strokes hip fractures head injuries spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals home health agencies and hospice agencies. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31 2014 the Company operated 107 inpatient rehabilitation hospitals. The Company’s inpatient hospitals are concentrated in the eastern half of the United States and Texas.

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