Altrinsic Global Advisors Lowers stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Altrinsic Global Advisors reduced its stake in HealthSouth Corp by 4.45% during the most recent quarter end. The investment management company now holds a total of 1,577,615 shares of HealthSouth Corp which is valued at $65,565,679 after selling 73,485 shares in HealthSouth Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.HealthSouth Corp makes up approximately 1.79% of Altrinsic Global Advisors’s portfolio.

Other Hedge Funds, Including , Voloridge Investment Management sold out all of its stake in HLS during the most recent quarter. The investment firm sold 52,624 shares of HLS which is valued $2,187,053. Profund Advisors sold out all of its stake in HLS during the most recent quarter. The investment firm sold 5,390 shares of HLS which is valued $224,008. Great Lakes Advisors added HLS to its portfolio by purchasing 22,838 company shares during the most recent quarter which is valued at $949,147. HealthSouth Corp makes up approx 0.02% of Great Lakes Advisors’s portfolio.Lombardia Capital Partners reduced its stake in HLS by selling 41,277 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 397,357 shares of HLS which is valued at $16,824,095. HealthSouth Corp makes up approx 1.23% of Lombardia Capital Partners’s portfolio. Columbus Circle Investors added HLS to its portfolio by purchasing 266,740 company shares during the most recent quarter which is valued at $11,339,117. HealthSouth Corp makes up approx 0.11% of Columbus Circle Investors’s portfolio.

HealthSouth Corp closed down -0.51 points or -1.25% at $40.2 with 5,03,533 shares getting traded on Thursday. Post opening the session at $40.77, the shares hit an intraday low of $40.01 and an intraday high of $40.79 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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