iA Global Asset Management Inc. Has $8.29 Million Stock Holdings in Encompass Health Corporation $EHC

iA Global Asset Management Inc. boosted its holdings in shares of Encompass Health Corporation (NYSE:EHC) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,281 shares of the company’s stock after purchasing an additional 5,440 shares during the period. iA Global Asset Management Inc. owned about 0.06% of Encompass Health worth $8,292,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Citizens National Bank Trust Department acquired a new position in shares of Encompass Health in the 3rd quarter worth approximately $26,000. First Horizon Corp bought a new stake in Encompass Health in the third quarter valued at $34,000. Root Financial Partners LLC acquired a new position in Encompass Health during the third quarter worth $39,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Encompass Health by 112.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 425 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Encompass Health in the 2nd quarter valued at $57,000. 97.25% of the stock is currently owned by institutional investors.

Encompass Health Price Performance

Shares of EHC stock opened at $98.36 on Friday. The firm’s 50 day moving average price is $107.79 and its two-hundred day moving average price is $115.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.14 and a current ratio of 1.14. Encompass Health Corporation has a 52-week low of $92.53 and a 52-week high of $127.99. The stock has a market cap of $9.90 billion, a PE ratio of 18.59, a PEG ratio of 1.60 and a beta of 0.74.

Encompass Health (NYSE:EHC) last issued its earnings results on Wednesday, October 29th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. Encompass Health had a net margin of 9.33% and a return on equity of 17.84%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Encompass Health Corporation will post 4.8 EPS for the current year.

Analyst Ratings Changes

EHC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Encompass Health from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. UBS Group upped their price objective on shares of Encompass Health from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Barclays lifted their target price on shares of Encompass Health from $141.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Zacks Research lowered Encompass Health from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Encompass Health in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Encompass Health presently has a consensus rating of “Buy” and an average target price of $142.86.

About Encompass Health

Encompass Health Corporation is a leading provider of post‐acute healthcare services in the United States, operating a comprehensive network of inpatient rehabilitation hospitals and home health and hospice agencies. Its inpatient rehabilitation hospitals offer intensive therapy programs for patients recovering from conditions such as stroke, brain injury, spinal cord injury, cardiac and pulmonary disorders, and orthopedic procedures. Through its home health segment, Encompass Health delivers skilled nursing, physical therapy, occupational therapy and speech therapy to patients in the comfort of their homes, while its hospice services provide end‐of‐life care focused on symptom management and emotional support for patients and families.

Founded in 1984 as HealthSouth Corporation and rebranded as Encompass Health in 2018, the company has grown organically and through acquisitions to serve patients across more than 30 states.