Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Encompass Health Corporation $EHC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Encompass Health Corporation (NYSE:EHC) by 7.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,898 shares of the company’s stock after buying an additional 1,815 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Encompass Health were worth $3,176,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EHC. Police & Firemen s Retirement System of New Jersey raised its position in Encompass Health by 5.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 37,719 shares of the company’s stock worth $4,625,000 after acquiring an additional 2,005 shares during the period. Horrell Capital Management Inc. raised its position in shares of Encompass Health by 2.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $3,363,000 after purchasing an additional 597 shares during the last quarter. Geode Capital Management LLC lifted its stake in Encompass Health by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,773,547 shares of the company’s stock valued at $217,526,000 after buying an additional 8,765 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Encompass Health by 7.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 41,095 shares of the company’s stock valued at $5,039,000 after buying an additional 2,817 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Encompass Health in the 2nd quarter worth about $808,000. Institutional investors and hedge funds own 97.25% of the company’s stock.

Insider Activity at Encompass Health

In related news, EVP Patrick William Tuer sold 1,020 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $123.59, for a total value of $126,061.80. Following the transaction, the executive vice president directly owned 18,846 shares in the company, valued at approximately $2,329,177.14. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EHC shares. Raymond James Financial upgraded Encompass Health to a “strong-buy” rating in a research report on Friday, October 31st. UBS Group increased their price objective on Encompass Health from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Encompass Health in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Encompass Health from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research upgraded shares of Encompass Health from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $142.86.

Encompass Health Stock Down 0.8%

Shares of NYSE:EHC opened at $111.73 on Thursday. Encompass Health Corporation has a 52-week low of $87.85 and a 52-week high of $127.99. The stock has a market cap of $11.24 billion, a P/E ratio of 21.12, a PEG ratio of 2.20 and a beta of 0.91. The business has a fifty day moving average of $121.85 and a two-hundred day moving average of $119.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76.

Encompass Health (NYSE:EHC) last announced its quarterly earnings results on Wednesday, March 16th. The company reported $0.93 earnings per share for the quarter. Encompass Health had a net margin of 9.33% and a return on equity of 18.19%. The firm had revenue of $136.30 million for the quarter. Encompass Health has set its FY22 guidance at $3.83-$4.19 EPS. On average, research analysts expect that Encompass Health Corporation will post 4.8 earnings per share for the current year.

Encompass Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.7%. Encompass Health’s dividend payout ratio (DPR) is currently 14.37%.

Encompass Health Company Profile

Encompass Health Corporation provides post-acute healthcare services in the United States and Puerto Rico. It owns and operates inpatient rehabilitation hospitals that provide medical, nursing, therapy, and ancillary services. The company provides specialized rehabilitative treatment on an inpatient basis to patients who have experienced physical or cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions.