First Mercantile Trust Co buys $689,520 stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : First Mercantile Trust Co scooped up 3,750 additional shares in HealthSouth Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 17,000 shares of HealthSouth Corp which is valued at $689,520.HealthSouth Corp makes up approximately 0.09% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading added HLS to its portfolio by purchasing 2,212 company shares during the most recent quarter which is valued at $89,719. HealthSouth Corp makes up approx 0.01% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in HLS in the latest quarter, The investment management firm added 2,728 additional shares and now holds a total of 7,688 shares of HealthSouth Corp which is valued at $309,288. Washington Trust Bank sold out all of its stake in HLS during the most recent quarter. The investment firm sold 48 shares of HLS which is valued $1,931. West Oak Capital added HLS to its portfolio by purchasing 162 company shares during the most recent quarter which is valued at $6,517.

HealthSouth Corp closed down -0.01 points or -0.02% at $40.56 with 5,44,190 shares getting traded on Friday. Post opening the session at $40.57, the shares hit an intraday low of $40.25 and an intraday high of $40.66 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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