Systematic Financial Management LP Lowers Holdings in Enhabit, Inc. (NYSE:EHAB)

Systematic Financial Management LP reduced its stake in Enhabit, Inc. (NYSE:EHAB) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,638,964 shares of the company’s stock after selling 37,504 shares during the period. Systematic Financial Management LP’s holdings in Enhabit were worth $14,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EHAB. Gladius Capital Management LP bought a new position in Enhabit in the 2nd quarter worth about $31,000. Allspring Global Investments Holdings LLC bought a new position in shares of Enhabit in the first quarter worth approximately $44,000. Canada Pension Plan Investment Board purchased a new stake in shares of Enhabit during the second quarter valued at approximately $93,000. AQR Capital Management LLC bought a new stake in shares of Enhabit during the second quarter valued at approximately $94,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Enhabit in the 2nd quarter worth approximately $106,000.

Analyst Ratings Changes

Separately, Bank of America cut their target price on Enhabit from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.35.

Enhabit Stock Performance

Shares of NYSE:EHAB opened at $7.93 on Friday. The stock’s 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $9.32. The stock has a market capitalization of $398.72 million, a price-to-earnings ratio of -4.78 and a beta of 1.82. Enhabit, Inc. has a 52-week low of $7.12 and a 52-week high of $12.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.48 and a current ratio of 1.48.

Enhabit (NYSE:EHAB) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share 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 the consensus estimate of $265.99 million. During the same period last year, the firm earned $0.04 earnings per share. Analysts expect that Enhabit, Inc. will post 0.26 EPS for the current year.

Insider Activity at Enhabit

In other Enhabit news, Director Jeffrey Bolton purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average cost of $8.01 per share, with a total value of $40,050.00. Following the completion of the acquisition, the director now directly owns 78,877 shares in the company, valued at $631,804.77. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Enhabit Profile

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.