Enhabit, Inc. (NYSE:EHAB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in Enhabit, Inc. (NYSE:EHAB) by 68.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,195 shares of the company’s stock after selling 620,889 shares during the period. Jane Street Group LLC owned about 0.56% of Enhabit worth $2,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EHAB. Quantbot Technologies LP purchased a new position in shares of Enhabit during the 4th quarter valued at approximately $45,000. Corient Private Wealth LLC acquired a new position in shares of Enhabit during the fourth quarter worth about $79,000. Quarry LP grew its position in shares of Enhabit by 692.6% during the fourth quarter. Quarry LP now owns 10,811 shares of the company’s stock worth $84,000 after buying an additional 9,447 shares in the last quarter. Stoneridge Investment Partners LLC lifted its stake in Enhabit by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 12,533 shares of the company’s stock worth $98,000 after purchasing an additional 2,308 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in Enhabit in the fourth quarter valued at approximately $106,000.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Enhabit in a report on Thursday, March 6th.

Enhabit Stock Down 1.1%

Enhabit stock opened at $10.65 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $539.03 million, a price-to-earnings ratio of -4.59 and a beta of 1.61. Enhabit, Inc. has a fifty-two week low of $6.85 and a fifty-two week high of $10.79. The stock’s fifty day moving average is $8.53 and its two-hundred day moving average is $8.20.

Enhabit (NYSE:EHAB) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Enhabit had a positive return on equity of 1.67% and a negative net margin of 11.24%. The business had revenue of $259.90 million for the quarter, compared to the consensus estimate of $266.11 million. Analysts predict that Enhabit, Inc. will post 0.22 EPS for the current fiscal year.

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.