AQR Capital Management LLC Purchases New Shares in Enhabit, Inc. (NYSE:EHAB)

AQR Capital Management LLC purchased a new stake in shares of Enhabit, Inc. (NYSE:EHAB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,951 shares of the company’s stock, valued at approximately $94,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EHAB. Gladius Capital Management LP purchased a new position in Enhabit during the second quarter valued at $31,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Enhabit in the first quarter worth about $44,000. ProShare Advisors LLC purchased a new position in shares of Enhabit in the first quarter worth about $118,000. Canada Pension Plan Investment Board purchased a new position in shares of Enhabit in the second quarter worth about $93,000. Finally, Family Firm Inc. purchased a new position in shares of Enhabit in the first quarter worth about $124,000.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their price target on shares of 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 assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.35.

Enhabit Stock Up 0.1 %

Shares of Enhabit stock opened at $7.36 on Friday. The company has a market capitalization of $369.15 million, a P/E ratio of -4.43 and a beta of 1.81. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Enhabit, Inc. has a 52-week low of $6.94 and a 52-week high of $11.74. The company has a 50 day moving average of $7.90 and a 200 day moving average of $8.92.

Enhabit (NYSE:EHAB) last issued its quarterly earnings data 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. The business had revenue of $260.60 million during the quarter, compared to the consensus estimate of $265.99 million. Enhabit had a negative net margin of 0.84% and a positive return on equity of 1.61%. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, research analysts forecast that Enhabit, Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Enhabit

In related news, Director Jeffrey Bolton acquired 5,000 shares of Enhabit stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $8.01 per share, for a total transaction of $40,050.00. Following the transaction, the director now owns 78,877 shares of the company’s stock, valued at $631,804.77. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

About Enhabit

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.