Retirement Systems of Alabama purchased a new position in shares of Enhabit, Inc. (NYSE:EHAB – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,950 shares of the company's stock, valued at approximately $982,000. Retirement Systems of Alabama owned approximately 0.14% of Enhabit as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. CI Investments Inc. purchased a new stake in Enhabit during the second quarter worth $27,000. Millennium Management LLC purchased a new stake in Enhabit during the second quarter worth $230,000. Foster & Motley Inc. purchased a new stake in Enhabit during the third quarter worth $153,000. DekaBank Deutsche Girozentrale purchased a new position in Enhabit during the third quarter valued at $177,000. Finally, Klingman & Associates LLC purchased a new position in Enhabit during the third quarter valued at $211,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
Get Enhabit alerts:Analyst Ratings Changes
Several equities analysts have issued reports on EHAB shares. Stifel Nicolaus started coverage on shares of Enhabit in a report on Monday, December 5th. They set a "buy" rating and a $17.00 price objective on the stock. UBS Group initiated coverage on shares of Enhabit in a report on Thursday, December 8th. They set a "sell" rating and a $12.00 price objective on the stock. Oppenheimer initiated coverage on shares of Enhabit in a research note on Thursday, October 13th. They issued a "market perform" rating on the stock. Credit Suisse Group decreased their price target on shares of Enhabit from $19.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, November 4th. Finally, CJS Securities initiated coverage on shares of Enhabit in a research note on Tuesday, December 13th. They issued a "market perform" rating and a $18.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.43.
Enhabit Stock Performance
Shares of Enhabit stock opened at $16.02 on Friday. Enhabit, Inc. has a 52-week low of $11.65 and a 52-week high of $25.25. The company has a 50 day moving average of $13.83 and a 200 day moving average of $14.33. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63.Enhabit (NYSE:EHAB – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.09). Enhabit had a return on equity of 7.62% and a net margin of 7.76%. The firm had revenue of $265.70 million during the quarter, compared to analysts' expectations of $265.62 million. On average, research analysts predict that Enhabit, Inc. will post 1.45 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Gregory S. Rush acquired 8,300 shares of Enhabit stock in a transaction dated Monday, November 7th. The stock was acquired at an average price of $12.69 per share, for a total transaction of $105,327.00. Following the transaction, the director now owns 16,597 shares of the company's stock, valued at $210,615.93. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey Bolton acquired 2,000 shares of Enhabit stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average price of $12.75 per share, for a total transaction of $25,500.00. Following the transaction, the director now owns 14,597 shares of the company's stock, valued at $186,111.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gregory S. Rush acquired 8,300 shares of Enhabit stock in a transaction dated Monday, November 7th. The shares were bought at an average price of $12.69 per share, with a total value of $105,327.00. Following the transaction, the director now directly owns 16,597 shares in the company, valued at approximately $210,615.93. The disclosure for this purchase can be found here. Insiders bought 11,300 shares of company stock worth $143,517 over the last 90 days.
Enhabit Company Profile
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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.
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