Kalos Management adds HealthSouth Corp (HLS) to its portfolio

HealthSouth Corp (HLS) : Kalos Management added new position in HealthSouth Corp during the most recent quarter end. The investment management firm now holds 37,156 shares of HealthSouth Corp which is valued at $1,579,502 , the company said in a statement filed on Aug 1, 2016 with the SEC.HealthSouth Corp makes up approximately 1.19% of Kalos Management’s portfolio.

Other Hedge Funds, Including , Kanaly Trust Co added HLS to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $1,917.Reinhart Partners boosted its stake in HLS in the latest quarter, The investment management firm added 2,853 additional shares and now holds a total of 802,093 shares of HealthSouth Corp which is valued at $32,717,373. HealthSouth Corp makes up approx 3.15% of Reinhart Partners’s portfolio.

HealthSouth Corp closed down -0.31 points or -0.73% at $42.2 with 6,37,280 shares getting traded on Thursday. Post opening the session at $42.43, the shares hit an intraday low of $42 and an intraday high of $42.56 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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