Los Angeles Capital Management LLC Increases Holdings in Enhabit, Inc. (NYSE:EHAB)

Los Angeles Capital Management LLC lifted its position in Enhabit, Inc. (NYSE:EHAB) by 106.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,883 shares of the company’s stock after purchasing an additional 26,227 shares during the period. Los Angeles Capital Management LLC’s holdings in Enhabit were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Stoneridge Investment Partners LLC purchased a new stake in Enhabit during the third quarter worth $81,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Enhabit during the second quarter worth $106,000. Quarry LP lifted its holdings in Enhabit by 242.2% during the second quarter. Quarry LP now owns 3,703 shares of the company’s stock worth $33,000 after buying an additional 2,621 shares during the period. Algert Global LLC purchased a new stake in Enhabit during the second quarter worth $136,000. Finally, AQR Capital Management LLC purchased a new stake in Enhabit during the second quarter worth $94,000.

Enhabit Stock Down 1.2 %

Enhabit stock opened at $7.35 on Monday. The business has a fifty day moving average of $7.56 and a two-hundred day moving average of $8.47. The company has a quick ratio of 1.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.85. The firm has a market cap of $369.56 million, a P/E ratio of -3.17 and a beta of 1.84. Enhabit, Inc. has a twelve month low of $6.85 and a twelve month high of $11.74.

Enhabit (NYSE:EHAB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $253.60 million for the quarter, compared to analyst estimates of $261.69 million. Enhabit had a positive return on equity of 1.67% and a negative net margin of 11.24%. During the same period in the previous year, the company posted $0.03 earnings per share. On average, analysts forecast that Enhabit, Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Enhabit

In other news, Director Jeffrey Bolton bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average cost of $8.01 per share, with a total value of $40,050.00. Following the transaction, the director now directly owns 78,877 shares in the company, valued at approximately $631,804.77. The trade was a 6.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Enhabit Company 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.