Zacks Investment Research upgraded shares of Encompass Health (AMEX:EHC) from a sell rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Encompass Health Corporation provides inpatient rehabilitation hospitals and home-based care services. It offers facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. Encompass Health Corporation, formerly known as HealthSouth Corporation, is headquartered in Birmingham, Alabama. “

Encompass Health has a one year low of $40.86 and a one year high of $59.29.

Encompass Health (AMEX:EHC) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.08 dividend on an annualized basis and a yield of ∞.

In other Encompass Health news, Director Leo I. Higdon, Jr. purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average price of $58.84 per share, for a total transaction of $58,840.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EHC. Mackenzie Financial Corp bought a new stake in Encompass Health during the 3rd quarter valued at $223,000. Thrivent Financial for Lutherans increased its stake in Encompass Health by 5.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 23,833 shares of the company’s stock valued at $1,858,000 after purchasing an additional 1,317 shares in the last quarter. LPL Financial LLC increased its stake in Encompass Health by 96.3% during the 3rd quarter. LPL Financial LLC now owns 27,848 shares of the company’s stock valued at $2,171,000 after purchasing an additional 13,661 shares in the last quarter. Nordea Investment Management AB increased its stake in Encompass Health by 13.6% during the 3rd quarter. Nordea Investment Management AB now owns 57,325 shares of the company’s stock valued at $4,468,000 after purchasing an additional 6,856 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Encompass Health by 177.2% during the 3rd quarter. AQR Capital Management LLC now owns 70,264 shares of the company’s stock valued at $5,477,000 after purchasing an additional 44,915 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

Encompass Health Company 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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Analyst Recommendations for Encompass Health (AMEX:EHC)

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