Horrell Capital Management adds HealthSouth Corp (HLS) to its portfolio

HealthSouth Corp (HLS) : Horrell Capital Management added new position in HealthSouth Corp during the most recent quarter end. The investment management firm now holds 26,862 shares of HealthSouth Corp which is valued at $1,084,150 , the company said in a statement filed on Jul 26, 2016 with the SEC.HealthSouth Corp makes up approximately 0.68% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , Moody Aldrich Partners boosted its stake in HLS in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 15,065 shares of HealthSouth Corp which is valued at $608,023. HealthSouth Corp makes up approx 0.48% of Moody Aldrich Partners’s portfolio.Msi Financial Services Inc boosted its stake in HLS in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,327 shares of HealthSouth Corp which is valued at $53,558.Prescott Group Capital Management L.l.c. boosted its stake in HLS in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 51,130 shares of HealthSouth Corp which is valued at $2,085,593. HealthSouth Corp makes up approx 0.48% of Prescott Group Capital Management L.l.c.’s portfolio.Checchi Capital Advisers boosted its stake in HLS in the latest quarter, The investment management firm added 732 additional shares and now holds a total of 741 shares of HealthSouth Corp which is valued at $30,225. HealthSouth Corp makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Creative Planning boosted its stake in HLS in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 2,858 shares of HealthSouth Corp which is valued at $114,834.

HealthSouth Corp opened for trading at $41.6 and hit $43.38 on the upside on Friday, eventually ending the session at $43.05, with a gain of 7.52% or 3.01 points. The heightened volatility saw the trading volume jump to 27,25,249 shares. Company has a market cap of $3,875 M.

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.

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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