New York State Teachers Retirement System Has $4.57 Million Stake in Encompass Health Co. (NYSE:EHC)

New York State Teachers Retirement System increased its holdings in shares of Encompass Health Co. (NYSE:EHC) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,496 shares of the company’s stock after buying an additional 3,662 shares during the period. New York State Teachers Retirement System owned 0.07% of Encompass Health worth $4,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Encompass Health during the fourth quarter worth approximately $20,210,000. Nordea Investment Management AB raised its stake in shares of Encompass Health by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 101,705 shares of the company’s stock worth $6,787,000 after buying an additional 17,684 shares during the last quarter. Oak Thistle LLC raised its stake in shares of Encompass Health by 19.1% during the fourth quarter. Oak Thistle LLC now owns 14,436 shares of the company’s stock worth $963,000 after buying an additional 2,319 shares during the last quarter. Sei Investments Co. increased its stake in Encompass Health by 6.7% in the third quarter. Sei Investments Co. now owns 306,796 shares of the company’s stock valued at $20,604,000 after purchasing an additional 19,254 shares in the last quarter. Finally, FMR LLC increased its stake in Encompass Health by 11.6% in the third quarter. FMR LLC now owns 1,374,755 shares of the company’s stock valued at $92,329,000 after purchasing an additional 142,633 shares in the last quarter. 97.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of Encompass Health from $95.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of Encompass Health in a report on Friday, February 9th. Stephens restated an “overweight” rating and set a $85.00 price objective on shares of Encompass Health in a report on Tuesday, January 16th. Mizuho raised their price objective on shares of Encompass Health from $77.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, William Blair restated an “outperform” rating on shares of Encompass Health in a report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $83.22.

Encompass Health Stock Down 1.4 %

Encompass Health stock opened at $80.49 on Friday. The company has a market cap of $8.06 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94. Encompass Health Co. has a 1-year low of $57.55 and a 1-year high of $83.73. The company has a fifty day simple moving average of $76.68 and a 200 day simple moving average of $69.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19.

Encompass Health (NYSE:EHC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Encompass Health had a net margin of 7.33% and a return on equity of 17.69%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. Research analysts anticipate that Encompass Health Co. will post 3.96 earnings per share for the current fiscal year.

Encompass Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 28th. Encompass Health’s dividend payout ratio (DPR) is presently 17.29%.

About Encompass Health

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.