Mutual of America Capital Management LLC lowered its stake in shares of Encompass Health Corp (AMEX:EHC) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,332 shares of the company’s stock after selling 1,011 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Encompass Health were worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in EHC. IFP Advisors Inc increased its holdings in shares of Encompass Health by 696.3% in the 3rd quarter. IFP Advisors Inc now owns 1,521 shares of the company’s stock valued at $119,000 after acquiring an additional 1,330 shares during the period. Bridgeworth LLC acquired a new position in shares of Encompass Health in the 2nd quarter valued at $127,000. Rehmann Capital Advisory Group increased its holdings in shares of Encompass Health by 108.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 2,233 shares of the company’s stock valued at $151,000 after acquiring an additional 1,161 shares during the period. Cerebellum GP LLC acquired a new position in shares of Encompass Health in the 3rd quarter valued at $189,000. Finally, CapWealth Advisors LLC acquired a new position in shares of Encompass Health in the 2nd quarter valued at $203,000. 93.18% of the stock is currently owned by institutional investors.
Encompass Health Corp has a 1 year low of $40.86 and a 1 year high of $59.29.
Encompass Health (AMEX:EHC) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.08 dividend on an annualized basis and a yield of ∞.
A number of equities analysts have recently commented on EHC shares. Zacks Investment Research cut shares of Encompass Health from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. UBS Group started coverage on shares of Encompass Health in a report on Thursday, November 15th. They issued a “buy” rating and a $86.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $72.09.
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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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