Dynamic Technology Lab Private Ltd Has $253,000 Stake in Enhabit, Inc. $EHAB

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Enhabit, Inc. (NYSE:EHAB) by 57.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,541 shares of the company’s stock after selling 42,823 shares during the period. Dynamic Technology Lab Private Ltd owned 0.06% of Enhabit worth $253,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in Enhabit by 337.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock valued at $25,000 after purchasing an additional 2,018 shares during the period. State of Alaska Department of Revenue acquired a new position in Enhabit during the 3rd quarter valued at about $27,000. Tower Research Capital LLC TRC increased its holdings in Enhabit by 82.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company’s stock worth $44,000 after purchasing an additional 2,059 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Enhabit by 523.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company’s stock worth $56,000 after purchasing an additional 4,865 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Enhabit by 110,987.5% in the first quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock worth $78,000 after purchasing an additional 8,879 shares during the last quarter.

Enhabit Price Performance

NYSE EHAB opened at $13.61 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. The company has a market cap of $690.05 million, a PE ratio of -151.17 and a beta of 1.56. Enhabit, Inc. has a 52 week low of $6.47 and a 52 week high of $13.68. The firm’s 50-day simple moving average is $11.48 and its two-hundred day simple moving average is $9.52.

Enhabit (NYSE:EHAB) last posted its earnings results on Wednesday, March 4th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Enhabit had a positive return on equity of 4.71% and a negative net margin of 0.43%.The firm had revenue of $270.40 million for the quarter, compared to the consensus estimate of $270.56 million. Research analysts predict that Enhabit, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EHAB. TD Cowen reiterated a “hold” rating and set a $13.80 price target (up from $12.00) on shares of Enhabit in a report on Friday, March 6th. Citigroup reaffirmed a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Enhabit in a research note on Monday, December 29th. Oppenheimer downgraded shares of Enhabit from an “outperform” rating to a “market perform” rating in a report on Monday, February 23rd. Finally, Leerink Partners raised their price target on shares of Enhabit from $9.50 to $13.80 and gave the company a “market perform” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Enhabit presently has an average rating of “Hold” and a consensus target price of $13.57.

Insider Activity

In other Enhabit news, EVP Julie Diane Jolley sold 2,793 shares of Enhabit stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $13.63, for a total transaction of $38,068.59. Following the completion of the sale, the executive vice president directly owned 139,923 shares in the company, valued at $1,907,150.49. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.40% of the company’s stock.

Enhabit Company Profile

Enhabit, Inc (NYSE: EHAB) is a national provider of home-based healthcare services, offering a continuum of care designed to support patients in the comfort of their own homes. The company’s core mission is to deliver personalized clinical and non-clinical services that help individuals recover from illness or injury, manage chronic conditions, and, when necessary, receive compassionate end-of-life care. Enhabit’s business model centers on combining skilled clinical care with patient-centric service coordination to optimize outcomes and enhance the overall care experience.

The company’s service portfolio includes skilled nursing, physical, occupational and speech therapies, personal care assistance, palliative care and hospice services.