In this article we discuss the 5 best stocks to buy according to Billionaire Barry Rosenstein’s Jana Partners. If you want to read our detailed analysis of Rosenstein’s investment philosophy and some of the top stocks in his portfolio, go directly to the Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners.
5. Encompass Health Corporation (NYSE: EHC)
JANA Partner’s Stake Value: $139,497,000
Percent of JANA Partner’s 13F Portfolio: 9.4%
Number of Hedge Fund Holders: 36
Encompass Health Corporation (NYSE: EHC) is an American healthcare company, providing services in post-acute healthcare. The company offers both home-based and facility-based rehabilitation services to its patients.
As of Q1 2021, Barry Rosenstein’s Jana Partners has over 1.7 million shares in the company, valued at $139.4 million. The company accounts for 9.4% of the fund’s 13F portfolio. In the first quarter, Encompass Health Corporation (NYSE: EHC) reported a net income of $132.8 million, up from $108 million during the same period last year. The EPS of $1.05 beat the market consensus by $0.23. The revenue presented a 4% year-over-year growth at $1.2 billion. In Q1, Encompass Health Corporation (NYSE: EHC) also paid $29.1 million to shareholders through dividends. In the past year, the EHC stock has delivered a 19.15% return to shareholders. In July, Deutsche Bank upgraded EHC to ‘Buy’ with a price target of $104.
At the end of Q1 2021, 36 hedge funds tracked by Insider Monkey have positions in Encompass Health Corporation (NYSE: EHC), up from 35 in the previous quarter. The total value of these stakes is over $836 million.