Healthcor Management buys $60,262,000 stake in HealthSouth Corp (HLS)

HealthSouth Corp (HLS) : Healthcor Management scooped up 350,000 additional shares in HealthSouth Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,450,000 shares of HealthSouth Corp which is valued at $60,262,000.HealthSouth Corp makes up approximately 3.17% of Healthcor Management’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management added HLS to its portfolio by purchasing 78,560 company shares during the most recent quarter which is valued at $3,264,954. HealthSouth Corp makes up approx 0.03% of Balyasny Asset Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in HLS by selling 64,955 shares or 2.86% in the most recent quarter. The Hedge Fund company now holds 2,207,018 shares of HLS which is valued at $91,723,668. HealthSouth Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Ngam Advisors added HLS to its portfolio by purchasing 11,383 company shares during the most recent quarter which is valued at $483,891. HealthSouth Corp makes up approx 0.01% of Ngam Advisors’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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