Bank of New York Mellon Corp Sells 167,659 Shares of Encompass Health Corp (EHC)

Bank of New York Mellon Corp decreased its holdings in Encompass Health Corp (AMEX:EHC) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,411,606 shares of the company’s stock after selling 167,659 shares during the quarter. Bank of New York Mellon Corp’s holdings in Encompass Health were worth $95,594,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EHC. Principal Financial Group Inc. purchased a new stake in Encompass Health in the 1st quarter valued at about $76,632,000. Millennium Management LLC purchased a new stake in Encompass Health in the 2nd quarter valued at about $50,226,000. Ardevora Asset Management LLP purchased a new stake in Encompass Health in the 2nd quarter valued at about $35,810,000. Voya Investment Management LLC increased its stake in Encompass Health by 47.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,614,030 shares of the company’s stock valued at $109,302,000 after buying an additional 522,941 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Encompass Health by 111.4% in the 2nd quarter. Renaissance Technologies LLC now owns 869,200 shares of the company’s stock valued at $58,862,000 after buying an additional 458,100 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

In related news, insider Andrew L. Price sold 9,457 shares of Encompass Health stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $80.04, for a total value of $756,938.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on EHC. SunTrust Banks restated a “buy” rating and set a $82.00 price target on shares of Encompass Health in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Encompass Health from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Wednesday, October 31st. Credit Suisse Group raised their price target on shares of Encompass Health from $66.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Mizuho restated a “buy” rating and set a $82.00 price target on shares of Encompass Health in a research note on Thursday, July 26th. Finally, Piper Jaffray Companies upgraded shares of Encompass Health from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.30.

Shares of EHC stock opened at $57.67 on Friday. Encompass Health Corp has a 12-month low of $40.86 and a 12-month high of $59.29.

Encompass Health (AMEX:EHC) last released 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 business 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid 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 1.87%.

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

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