Vontobel Holding Ltd. Sells 3,849 Shares of Encompass Health Corporation $EHC

Key Points

• Vontobel Holding Ltd. reduced its stake in Encompass Health Corporation by 16.9%, selling 3,849 shares during the second quarter, leaving them with 18,868 shares valued at $2.31 million.
• Encompass Health recently declared a quarterly dividend increase from $0.17 to $0.19 per share, with the ex-dividend date set for October 1st.
• The company's current market capitalization is approximately $12.29 billion, with a recent stock price of $122.02, and analysts have given it an average "Buy" rating with a consensus price target of $139.86.

Vontobel Holding Ltd. lowered its position in Encompass Health Corporation (NYSE:EHC - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,868 shares of the company's stock after selling 3,849 shares during the period. Vontobel Holding Ltd.'s holdings in Encompass Health were worth $2,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EHC. Park Avenue Securities LLC boosted its holdings in Encompass Health by 5.7% in the first quarter. Park Avenue Securities LLC now owns 7,123 shares of the company's stock worth $721,000 after acquiring an additional 386 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Encompass Health by 21.5% in the first quarter. GAMMA Investing LLC now owns 2,366 shares of the company's stock worth $240,000 after acquiring an additional 419 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Encompass Health by 737.0% in the first quarter. SG Americas Securities LLC now owns 25,084 shares of the company's stock worth $2,541,000 after acquiring an additional 22,087 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Encompass Health by 88.7% in the first quarter. Fifth Third Bancorp now owns 4,290 shares of the company's stock worth $434,000 after acquiring an additional 2,017 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Encompass Health by 2.2% in the first quarter. QRG Capital Management Inc. now owns 15,930 shares of the company's stock worth $1,613,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 97.25% of the company's stock.

Encompass Health Stock Performance

Shares of EHC opened at $122.02 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.14 and a beta of 0.93. The stock has a 50 day moving average of $122.73 and a 200 day moving average of $116.50. Encompass Health Corporation has a 12 month low of $87.85 and a 12 month high of $127.86.

Encompass Health (NYSE:EHC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 16th. The company reported $0.93 EPS for the quarter. The company had revenue of $136.30 million during the quarter. Encompass Health had a return on equity of 17.83% and a net margin of 9.22%. Encompass Health has set its FY22 guidance at $3.83-$4.19 EPS. As a group, sell-side analysts forecast that Encompass Health Corporation will post 4.8 earnings per share for the current year.

Encompass Health Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Encompass Health's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Encompass Health's dividend payout ratio (DPR) is 14.87%.

Insider Transactions at Encompass Health

In other Encompass Health news, EVP Patrick William Tuer sold 1,020 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $123.59, for a total value of $126,061.80. Following the completion of the sale, the executive vice president directly owned 18,846 shares of the company's stock, valued at $2,329,177.14. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b+)" rating on shares of Encompass Health in a report on Wednesday. Bank of America increased their price objective on Encompass Health from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. UBS Group increased their price objective on Encompass Health from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. KeyCorp increased their price objective on Encompass Health from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. Finally, Truist Financial increased their price objective on Encompass Health from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $139.86.

Encompass Health Company Profile

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.

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