HealthSouth Corporation (HLS) Shares Bought by BlackRock Inc.

HealthSouth Corporation (HLS) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its position in HealthSouth Corporation (NYSE:HLS) by 11.2% during the third quarter, Holdings Channel reports. The firm owned 9,773 shares of the company’s stock after buying an additional 983 shares during the period. BlackRock Inc.’s holdings in HealthSouth Corporation were worth $396,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HLS. Sit Investment Associates Inc. raised its stake in shares of HealthSouth Corporation by 43.0% in the third quarter. Sit Investment Associates Inc. now owns 3,575 shares of the company’s stock worth $145,000 after buying an additional 1,075 shares during the period. LSV Asset Management bought a new stake in shares of HealthSouth Corporation during the third quarter worth about $164,000. Calvert Investment Management Inc. bought a new stake in shares of HealthSouth Corporation during the second quarter worth about $210,000. Affinity Investment Advisors LLC bought a new stake in shares of HealthSouth Corporation during the third quarter worth about $238,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of HealthSouth Corporation during the second quarter worth about $258,000. Institutional investors and hedge funds own 97.17% of the company’s stock.

HealthSouth Corporation (NYSE:HLS) traded down 0.10% during midday trading on Friday, reaching $39.53. 1,419,726 shares of the company traded hands. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 16.48 and a beta of 0.89. The company has a 50-day moving average price of $41.24 and a 200-day moving average price of $40.82. HealthSouth Corporation has a 12-month low of $30.26 and a 12-month high of $43.38.

Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, January 4th. Royal Bank Of Canada boosted their target price on shares of HealthSouth Corporation from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Piper Jaffray Companies assumed coverage on shares of HealthSouth Corporation in a research note on Tuesday, January 3rd. They set a “neutral” rating and a $45.00 target price for the company. RBC Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of HealthSouth Corporation in a research note on Tuesday, January 3rd. Finally, Mizuho lowered shares of HealthSouth Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.63.

In related news, COO Mark J. Tarr bought 6,371 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $39.29 per share, for a total transaction of $250,316.59. Following the purchase, the chief operating officer now owns 238,890 shares in the company, valued at $9,385,988.10. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Douglas E. Coltharp bought 6,450 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were bought at an average price 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 approximately $4,095,492.18. The disclosure for this purchase can be found here. 5.00% of the stock is currently owned by insiders.

HealthSouth Corporation Company Profile

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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