Teacher Retirement System of Texas Purchases 5,546 Shares of Encompass Health Co. (NYSE:EHC)

Posted by Defense World Staff on Jun 5th, 2023

Teacher Retirement System of Texas grew its stake in shares of Encompass Health Co. (NYSE:EHC – Get Rating) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,729 shares of the company’s stock after buying an additional 5,546 shares during the quarter. Teacher Retirement System of Texas’ holdings in Encompass Health were worth $2,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EHC. Belpointe Asset Management LLC purchased a new stake in shares of Encompass Health during the 4th quarter valued at $25,000. Quadrant Capital Group LLC raised its position in Encompass Health by 358.5% in the 4th quarter. Quadrant Capital Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 337 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in Encompass Health in the 4th quarter worth $30,000. Worth Asset Management LLC purchased a new position in Encompass Health in the 1st quarter worth $35,000. Finally, Eagle Bay Advisors LLC raised its position in Encompass Health by 128.8% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,547 shares of the company’s stock worth $93,000 after purchasing an additional 871 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Encompass Health in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Mizuho lifted their target price on shares of Encompass Health from $69.00 to $74.00 in a research note on Monday, May 1st. UBS Group lifted their target price on shares of Encompass Health from $68.00 to $73.00 in a research note on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Encompass Health from $70.00 to $73.00 in a research note on Monday, May 1st. Finally, Truist Financial lifted their target price on shares of Encompass Health from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Encompass Health currently has a consensus rating of “Buy” and an average target price of $70.91.

Encompass Health Stock Up 0.7 %

Shares of EHC stock opened at $62.74 on Monday. Encompass Health Co. has a 12 month low of $44.33 and a 12 month high of $66.44. The stock has a market cap of $6.29 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.69 and a beta of 1.06. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.41. The company has a 50 day simple moving average of $60.80 and a two-hundred day simple moving average of $59.22.

Encompass Health (NYSE:EHC – Get Rating) last announced its earnings results on Friday, April 28th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Encompass Health had a net margin of 5.75% and a return on equity of 16.80%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was down 13.0% on a year-over-year basis. On average, research analysts expect that Encompass Health Co. will post 3.17 earnings per share for the current year.

Encompass Health Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be given a $0.15 dividend. The ex-dividend date is Friday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Encompass Health’s payout ratio is currently 22.22%.

Encompass Health Profile

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Encompass Health Corp. engages in the provision of post-acute healthcare services. It operates through the Inpatient Rehabilitation and Home Health and Hospice segments. The Inpatient Rehabilitation segment operates inpatient rehabilitation hospitals that provide rehabilitative treatment and care to patients who are recovering from stroke and other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions and amputations.