Worth Watching: Institutional Investors Are Buying Healthsouth Corp (NYSE:HLS)

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Worth Watching: Institutional Investors Are Buying Healthsouth Corp (NYSE:HLS)

Sentiment for Healthsouth Corp (NYSE:HLS)

Healthsouth Corp (NYSE:HLS) institutional sentiment decreased to 1.15 in Q2 2016. Its down -0.27, from 1.42 in 2016Q1. The ratio dropped, as 126 investment managers opened new or increased stock positions, while 89 decreased and sold holdings in Healthsouth Corp. The investment managers in our partner’s database now hold: 81.02 million shares, up from 80.57 million shares in 2016Q1. Also, the number of investment managers holding Healthsouth Corp in their top 10 stock positions increased from 5 to 6 for an increase of 1. Sold All: 19 Reduced: 70 Increased: 90 New Position: 36.

HealthSouth Corporation is a well-known provider of post-acute healthcare services, offering both facility and home post-acute services in over 30 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The company has a market cap of $3.86 billion. The Company’s divisions include inpatient rehabilitation, and home health and hospice. It has a 16.95 P/E ratio. The Firm is an owner and operator of inpatient rehabilitation hospitals and provides specialized rehabilitative treatment on both an inpatient and outpatient basis.

The stock decreased 0.81% or $0.34 during the last trading session, hitting $41.67. HealthSouth Corp (NYSE:HLS) has declined 0.33% since April 28, 2016 and is downtrending. It has underperformed by 6.26% the S&P500.

Analysts await HealthSouth Corp (NYSE:HLS) to report earnings on February, 28. They expect $0.62 EPS, up 5.08% or $0.03 from last year’s $0.59 per share. HLS’s profit will be $57.43 million for 16.80 P/E if the $0.62 EPS becomes a reality. After $0.65 actual EPS reported by HealthSouth Corp for the previous quarter, Wall Street now forecasts -4.62% negative EPS growth.

According to Zacks Investment Research, “HEALTHSOUTH Corp. is the one of the nation’s largest providers of outpatient surgery and rehabilitative healthcare services. The company provides these services through its national network of inpatient and outpatient healthcare facilities, including inpatient and outpatient rehabilitation facilities, outpatient surgery centers, diagnostic centers, occupational medicine centers, medical centers and other healthcare facilities.”

Endurant Capital Management Lp holds 4.76% of its portfolio in HealthSouth Corp for 366,513 shares. Daruma Capital Management Llc owns 1.33 million shares or 3.37% of their US portfolio. Moreover, Reinhart Partners Inc. has 3.12% invested in the company for 802,093 shares. The Ontario – Canada-based Cumberland Partners Ltd has invested 3.07% in the stock. Healthcor Management L.P., a New York-based fund reported 1.45 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 1 sale for $334,288 net activity.

HealthSouth Corp (NYSE:HLS) Ratings Coverage

Ratings analysis reveals 38% of Healthsouth’s analysts are positive. Out of 8 Wall Street analysts rating Healthsouth, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $40 while the high is $52. The stock’s average target of $45.38 is 8.90% above today’s ($41.67) share price. HLS was included in 13 notes of analysts from July 31, 2015. RBC Capital Markets maintained it with “Outperform” rating and $48 target price in Monday, October 31 report. Barclays Capital downgraded the stock to “Underweight” rating in Monday, June 27 report. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating given on Wednesday, November 9 by Mizuho. The rating was maintained by Mizuho with “Buy” on Thursday, October 29. Mizuho maintained it with “Buy” rating and $47 target price in Friday, April 29 report. The rating was downgraded by Stifel Nicolaus on Thursday, October 29 to “Hold”.

HLS Company Profile

HealthSouth Corporation (HealthSouth), incorporated on February 22, 1984, is a well-known provider of post-acute healthcare services, offering both facility and home post-acute services in over 30 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Firm manages its activities through divisions, including inpatient rehabilitation, and home health and hospice.

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By Pete Kolinski


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