Hollow Brook Wealth Management buys $4.2 Million stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Hollow Brook Wealth Management scooped up 50,281 additional shares in HealthSouth Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 106,866 shares of HealthSouth Corp which is valued at $4.2 Million.HealthSouth Corp makes up approximately 2.59% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in HLS in the latest quarter, The investment management firm added 729 additional shares and now holds a total of 6,241 shares of HealthSouth Corp which is valued at $247,830. Kernodle Katon Asset Management Group added HLS to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $2,184. Cumberland Partners Ltd added HLS to its portfolio by purchasing 200,700 company shares during the most recent quarter which is valued at $8 Million. HealthSouth Corp makes up approx 1.13% of Cumberland Partners Ltd’s portfolio. Alps Advisors Inc added HLS to its portfolio by purchasing 12,112 company shares during the most recent quarter which is valued at $480,968.

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.

Leave a Reply

HealthSouth Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on HealthSouth Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.