Broadview Advisors Lowers stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Broadview Advisors reduced its stake in HealthSouth Corp by 2.44% during the most recent quarter end. The investment management company now holds a total of 429,027 shares of HealthSouth Corp which is valued at $17 Million after selling 10,750 shares in HealthSouth Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.HealthSouth Corp makes up approximately 2.47% of Broadview Advisors’s portfolio.

Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in HLS during the most recent quarter. The investment firm sold 4,416 shares of HLS which is valued $175,359.Lazard Asset Management reduced its stake in HLS by selling 329,140 shares or 78.35% in the most recent quarter. The Hedge Fund company now holds 90,952 shares of HLS which is valued at $3.6 Million. HealthSouth Corp makes up approx 0.01% of Lazard Asset Management’s portfolio.Gsa Capital Partners Llp reduced its stake in HLS by selling 3,435 shares or 12.01% in the most recent quarter. The Hedge Fund company now holds 25,165 shares of HLS which is valued at $999,302. HealthSouth Corp makes up approx 0.06% of Gsa Capital Partners Llp’s portfolio.Ftb Advisors boosted its stake in HLS in the latest quarter, The investment management firm added 608 additional shares and now holds a total of 2,359 shares of HealthSouth Corp which is valued at $93,676. HealthSouth Corp makes up approx 0.01% of Ftb Advisors’s portfolio.Evanston Investments Dba Evanston Advisors boosted its stake in HLS in the latest quarter, The investment management firm added 908 additional shares and now holds a total of 69,253 shares of HealthSouth Corp which is valued at $2.8 Million. HealthSouth Corp makes up approx 0.96% of Evanston Investments Dba Evanston Advisors’s portfolio.

HealthSouth Corp opened for trading at $40.44 and hit $40.755 on the upside on Wednesday, eventually ending the session at $40.4, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 5,70,860 shares. Company has a market cap of $3,637 M.

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.

Investors should note that on May 5, 2016, HealthSouth Corp announced a cash dividend of $0.2300. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on HealthSouth Corp. Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $40 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $39 .

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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