107,081 Shares in Enhabit, Inc. (NYSE:EHAB) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of Enhabit, Inc. (NYSE:EHAB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 107,081 shares of the company’s stock, valued at approximately $955,000. WINTON GROUP Ltd owned approximately 0.21% of Enhabit at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of Enhabit during the 2nd quarter worth approximately $31,000. Allspring Global Investments Holdings LLC purchased a new position in Enhabit during the first quarter worth $44,000. ProShare Advisors LLC acquired a new position in shares of Enhabit in the first quarter worth $118,000. Family Firm Inc. purchased a new stake in shares of Enhabit in the first quarter valued at $124,000. Finally, Covestor Ltd boosted its stake in shares of Enhabit by 1,130.0% during the first quarter. Covestor Ltd now owns 13,456 shares of the company’s stock valued at $157,000 after acquiring an additional 12,362 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their target price on shares of Enhabit from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.35.

Enhabit Stock Down 0.6 %

Shares of NYSE:EHAB opened at $8.05 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.73. The firm has a market cap of $403.76 million, a price-to-earnings ratio of -4.85 and a beta of 1.82. The stock’s 50-day moving average price is $8.82 and its two-hundred day moving average price is $9.39. Enhabit, Inc. has a 12-month low of $7.12 and a 12-month high of $12.61.

Enhabit (NYSE:EHAB) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Enhabit had a negative net margin of 0.84% and a positive return on equity of 1.61%. The business had revenue of $260.60 million for the quarter, compared to analysts’ expectations of $265.99 million. During the same period last year, the company earned $0.04 earnings per share. On average, research analysts forecast that Enhabit, Inc. will post 0.26 EPS for the current year.

Insider Transactions at Enhabit

In other news, Director Jeffrey Bolton bought 5,000 shares of Enhabit stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $8.01 per share, for a total transaction of $40,050.00. Following the completion of the acquisition, the director now owns 78,877 shares of the company’s stock, valued at $631,804.77. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

About Enhabit

Enhabit, Inc provides home health and hospice services in the United States. Its home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, infusion therapy, pharmaceutical administration, and skilled observation and assessment services; practices to treat chronic diseases and conditions, including diabetes, hypertension, arthritis, Alzheimer's disease, low vision, spinal stenosis, Parkinson's disease, osteoporosis, complex wound care and chronic pain, along with disease-specific plans for patients with diabetes, congestive heart failure, post-orthopedic surgery, or injury and respiratory diseases; and physical, occupational and speech therapists provide therapy services.