Dean Investment Associates Lowers stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Dean Investment Associates reduced its stake in HealthSouth Corp by 1.42% during the most recent quarter end. The investment management company now holds a total of 114,299 shares of HealthSouth Corp which is valued at $4,858,850 after selling 1,649 shares in HealthSouth Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.HealthSouth Corp makes up approximately 0.92% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in HLS by selling 8,066 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 186,371 shares of HLS which is valued at $7,922,631. HealthSouth Corp makes up approx 0.02% of California State Teachers Retirement System’s portfolio. Kanaly Trust Co added HLS to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $1,917.

HealthSouth Corp closed down -0.25 points or -0.59% at $42.09 with 5,01,594 shares getting traded on Monday. Post opening the session at $42.42, the shares hit an intraday low of $42.03 and an intraday high of $42.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, HealthSouth Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $920.70 million for the quarter, compared to analysts expectations of $906.94 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Investors should note that on Jul 21, 2016, HealthSouth Corp announced a cash dividend of $0.2400. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 17, 2016.

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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