28,300 Shares in Encompass Health Corp (EHC) Acquired by EULAV Asset Management

EULAV Asset Management purchased a new stake in shares of Encompass Health Corp (AMEX:EHC) during the 3rd quarter, HoldingsChannel reports. The fund purchased 28,300 shares of the company’s stock, valued at approximately $2,206,000.

A number of other large investors have also recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in Encompass Health by 47.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,614,030 shares of the company’s stock valued at $109,302,000 after purchasing an additional 522,941 shares during the last quarter. Principal Financial Group Inc. bought a new position in Encompass Health during the 1st quarter valued at about $76,632,000. Wells Fargo & Company MN grew its holdings in Encompass Health by 22.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,223,413 shares of the company’s stock valued at $82,849,000 after purchasing an additional 221,589 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Encompass Health by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,166,519 shares of the company’s stock valued at $78,998,000 after purchasing an additional 11,185 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in Encompass Health during the 1st quarter valued at about $52,876,000. Institutional investors own 93.18% of the company’s stock.

In other news, insider Cheryl B. Levy sold 28,955 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $78.00, for a total value of $2,258,490.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew L. Price sold 9,457 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $80.04, for a total transaction of $756,938.28. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.



Several equities analysts recently commented on the stock. Mizuho reiterated a “buy” rating and set a $82.00 price target on shares of Encompass Health in a report on Thursday, July 26th. Zacks Investment Research cut shares of Encompass Health from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Piper Jaffray Companies raised shares of Encompass Health from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 26th. Credit Suisse Group boosted their price objective on shares of Encompass Health from $66.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, July 26th. Finally, SunTrust Banks reissued a “buy” rating and issued a $82.00 price objective on shares of Encompass Health in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $71.10.

Encompass Health stock opened at $57.67 on Monday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.34 and a current ratio of 1.34. Encompass Health Corp has a 1 year low of $40.86 and a 1 year high of $59.29.

Encompass Health (AMEX:EHC) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.16. Encompass Health had a net margin of 8.67% and a return on equity of 23.56%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Encompass Health’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts anticipate that Encompass Health Corp will post 2.72 EPS for the current fiscal year.

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

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