Public Employees Retirement System of Ohio boosted its stake in Encompass Health Corp (AMEX:EHC) by 54.3% during the second quarter, HoldingsChannel.com reports. The fund owned 138,654 shares of the company’s stock after purchasing an additional 48,785 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Encompass Health were worth $9,390,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Encompass Health in the 1st quarter valued at $622,184,000. Lord Abbett & CO. LLC acquired a new stake in Encompass Health during the 1st quarter worth $116,238,000. Voya Investment Management LLC boosted its stake in Encompass Health by 47.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,614,030 shares of the company’s stock worth $109,302,000 after purchasing an additional 522,941 shares during the last quarter. Northern Trust Corp acquired a new stake in Encompass Health during the 1st quarter worth $88,764,000. Finally, Principal Financial Group Inc. acquired a new stake in Encompass Health during the 1st quarter worth $76,632,000. 93.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EHC opened at $57.67 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.34 and a current ratio of 1.34. Encompass Health Corp has a 52-week low of $40.86 and a 52-week high of $59.29.
Encompass Health (AMEX:EHC) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.16. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Encompass Health had a net margin of 8.67% and a return on equity of 23.56%. The company’s revenue was up 10.5% on a year-over-year basis. equities analysts expect that Encompass Health Corp will post 2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be given a dividend of $0.27 per share. This is a boost from Encompass Health’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, September 28th. This represents a $1.08 annualized dividend and a dividend yield of 1.87%.
Several brokerages have issued reports on EHC. SunTrust Banks reaffirmed a “buy” rating and set a $82.00 target price on shares of Encompass Health in a research note on Friday, July 20th. Piper Jaffray Companies raised shares of Encompass Health from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Encompass Health from a “buy” rating to a “hold” rating in a research note on Tuesday. Mizuho reaffirmed a “buy” rating and set a $82.00 target price on shares of Encompass Health in a research note on Thursday, July 26th. Finally, Credit Suisse Group lifted their target price on shares of Encompass Health from $66.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Encompass Health currently has an average rating of “Buy” and an average price target of $71.10.
In other news, insider Andrew L. Price sold 9,457 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $80.04, for a total transaction of $756,938.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cheryl B. Levy sold 28,955 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $78.00, for a total transaction of $2,258,490.00. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
Encompass Health Profile
Encompass Health Corporation, formerly HealthSouth Corporation, is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies.
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