HealthSouth Corporation (HLS) Shares Bought by American International Group Inc.

HealthSouth Corporation (HLS) Shares Bought by American International Group Inc.

American International Group Inc. raised its position in shares of HealthSouth Corporation (NYSE:HLS) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,160 shares of the company’s stock after buying an additional 78 shares during the period. American International Group Inc. owned 0.06% of HealthSouth Corporation worth $2,076,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of HealthSouth Corporation by 2.8% in the second quarter. Vanguard Group Inc. now owns 6,324,892 shares of the company’s stock valued at $245,532,000 after buying an additional 170,522 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its position in shares of HealthSouth Corporation by 2.3% in the second quarter. Columbia Wanger Asset Management LLC now owns 3,461,221 shares of the company’s stock valued at $134,365,000 after buying an additional 76,594 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of HealthSouth Corporation by 9.2% in the second quarter. Lord Abbett & CO. LLC now owns 3,449,266 shares of the company’s stock valued at $133,901,000 after buying an additional 291,169 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of HealthSouth Corporation by 37.7% in the second quarter. William Blair Investment Management LLC now owns 3,061,817 shares of the company’s stock valued at $118,860,000 after buying an additional 837,747 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of HealthSouth Corporation by 4.1% in the third quarter. BlackRock Fund Advisors now owns 2,569,062 shares of the company’s stock valued at $104,227,000 after buying an additional 100,418 shares during the last quarter. Institutional investors own 97.17% of the company’s stock.

Shares of HealthSouth Corporation (NYSE:HLS) traded down 0.18% during mid-day trading on Friday, hitting $39.50. The stock had a trading volume of 1,222,373 shares. The stock has a 50 day moving average price of $41.32 and a 200-day moving average price of $40.83. HealthSouth Corporation has a 52-week low of $30.26 and a 52-week high of $43.38. The company has a market cap of $3.55 billion, a PE ratio of 16.47 and a beta of 0.89.

Several analysts recently commented on HLS shares. RBC Capital Markets reaffirmed an “outperform” rating and set a $48.00 target price (up from $46.00) on shares of HealthSouth Corporation in a report on Monday, October 31st. Zacks Investment Research lowered HealthSouth Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. Mizuho lowered HealthSouth Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Piper Jaffray Companies started coverage on HealthSouth Corporation in a report on Tuesday, January 3rd. They set a “neutral” rating and a $45.00 target price on the stock. Finally, Royal Bank Of Canada raised their target price on HealthSouth Corporation from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $46.63.

In related news, COO Mark J. Tarr acquired 6,371 shares of HealthSouth Corporation stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $39.29 per share, with a total value of $250,316.59. Following the purchase, the chief operating officer now directly owns 238,890 shares in the company, valued at $9,385,988.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas E. Coltharp acquired 6,450 shares of HealthSouth Corporation stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $39.14 per share, with a total value of $252,453.00. Following the completion of the purchase, the chief financial officer now owns 104,637 shares in the company, valued at $4,095,492.18. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

About HealthSouth Corporation

HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based 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’s segments include inpatient rehabilitation, and home health and hospice.

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