First Mercantile Trust Co. Takes $142,000 Position in Encompass Health Corp (EHC)

First Mercantile Trust Co. acquired a new position in Encompass Health Corp (AMEX:EHC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,480 shares of the company’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Encompass Health in the first quarter worth about $144,000. FNY Managed Accounts LLC purchased a new position in shares of Encompass Health in the fourth quarter worth about $125,000. Cerebellum GP LLC purchased a new position in shares of Encompass Health in the fourth quarter worth about $129,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Encompass Health in the first quarter worth about $219,000. Finally, Motley Fool Wealth Management LLC purchased a new position in shares of Encompass Health in the first quarter worth about $249,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

A number of research analysts recently issued reports on EHC shares. Wells Fargo started coverage on Encompass Health in a report on Tuesday, January 30th. They set a “market perform” rating and a $56.00 price target on the stock. Zacks Investment Research upgraded Encompass Health from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, January 30th. Credit Suisse Group boosted their price target on Encompass Health from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Stephens set a $62.00 price target on Encompass Health and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada boosted their price target on Encompass Health to $64.00 and gave the company an “outperform” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $64.10.

In other news, insider Cheryl B. Levy sold 30,982 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $63.00, for a total value of $1,951,866.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark J. Tarr sold 33,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $60.96, for a total value of $2,017,776.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,777 shares of company stock worth $4,326,032. Insiders own 1.60% of the company’s stock.

Encompass Health opened at $57.67 on Monday, MarketBeat reports. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.89. Encompass Health Corp has a fifty-two week low of $40.86 and a fifty-two week high of $59.29.

Encompass Health (AMEX:EHC) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Encompass Health had a return on equity of 23.56% and a net margin of 8.67%. Encompass Health’s revenue was up 10.0% on a year-over-year basis. equities research analysts expect that Encompass Health Corp will post 2.72 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.00 annualized dividend and a yield of 1.73%.

Encompass Health Company 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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Institutional Ownership by Quarter for Encompass Health (AMEX:EHC)

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