Ontario Teachers Pension Plan Board Has $1.69 Million Position in Encompass Health Co. (NYSE:EHC)

Ontario Teachers Pension Plan Board cut its holdings in Encompass Health Co. (NYSE:EHC) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,296 shares of the company’s stock after selling 781 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Encompass Health were worth $1,690,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Encompass Health by 87.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the company’s stock valued at $27,000 after acquiring an additional 137 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Encompass Health by 38.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 455 shares of the company’s stock worth $42,000 after buying an additional 127 shares in the last quarter. Tompkins Financial Corp acquired a new position in shares of Encompass Health in the 4th quarter valued at $46,000. V Square Quantitative Management LLC boosted its holdings in Encompass Health by 43.8% during the fourth quarter. V Square Quantitative Management LLC now owns 581 shares of the company’s stock valued at $54,000 after purchasing an additional 177 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Encompass Health by 21.6% during the fourth quarter. Signaturefd LLC now owns 704 shares of the company’s stock valued at $65,000 after acquiring an additional 125 shares during the period. 97.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Andrew L. Price sold 5,042 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $98.29, for a total transaction of $495,578.18. Following the transaction, the chief accounting officer now directly owns 69,164 shares in the company, valued at $6,798,129.56. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on EHC. KeyCorp boosted their price target on shares of Encompass Health from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Barclays increased their price target on Encompass Health from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $110.00 price objective on shares of Encompass Health in a research report on Tuesday, February 11th. StockNews.com cut Encompass Health from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of Encompass Health in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $107.67.

Encompass Health Stock Down 0.9 %

Encompass Health stock opened at $102.30 on Wednesday. Encompass Health Co. has a fifty-two week low of $78.53 and a fifty-two week high of $104.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 2.31 and a beta of 0.87. The company’s 50 day simple moving average is $99.66 and its 200 day simple moving average is $98.11.

Encompass Health (NYSE:EHC) last posted its earnings results on Thursday, February 6th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. Encompass Health had a return on equity of 17.56% and a net margin of 8.48%. As a group, sell-side analysts anticipate that Encompass Health Co. will post 4.8 EPS for the current year.

Encompass Health Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, April 1st. Encompass Health’s dividend payout ratio is presently 15.25%.

Encompass Health 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.