Encompass Health Corp (EHC) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC increased its stake in Encompass Health Corp (AMEX:EHC) by 215.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,181 shares of the company’s stock after purchasing an additional 40,420 shares during the period. SG Americas Securities LLC’s holdings in Encompass Health were worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. First Hawaiian Bank acquired a new position in shares of Encompass Health during the 3rd quarter worth about $1,281,000. Legal & General Group Plc boosted its stake in shares of Encompass Health by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 136,937 shares of the company’s stock worth $9,273,000 after buying an additional 11,033 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Encompass Health during the 2nd quarter worth about $5,693,000. Paloma Partners Management Co boosted its stake in shares of Encompass Health by 3,314.9% during the 2nd quarter. Paloma Partners Management Co now owns 300,136 shares of the company’s stock worth $20,325,000 after buying an additional 291,347 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Encompass Health in the 2nd quarter valued at about $383,000. Institutional investors own 93.18% of the company’s stock.
Several brokerages recently issued reports on EHC. Zacks Investment Research upgraded shares of Encompass Health from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday. UBS Group began coverage on shares of Encompass Health in a research note on Thursday. They issued a “buy” rating and a $86.00 target price for the company. Piper Jaffray Companies upgraded shares of Encompass Health from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. Credit Suisse Group raised their target price on shares of Encompass Health from $66.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, July 26th. Finally, Mizuho reiterated a “buy” rating and issued a $82.00 target price on shares of Encompass Health in a research note on Thursday, July 26th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.09.
Encompass Health (AMEX:EHC) last announced its earnings results on Monday, October 29th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.12. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. The firm’s revenue was up 8.8% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.08 annualized dividend and a dividend yield of 1.87%.
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About Encompass Health
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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