Alberta Investment Management Corp increases share position in Enhabit, Inc. (NYSE:EHAB)

Alberta Investment Management Corp increased its stake in Enhabit, Inc. (NYSE:EHAB – Free Report) by 56.8% during the fourth quarter, according to the company's most recent filing with the Securities and Exchange Commission. The fund owned 489,532 shares of the company's stock after purchasing an additional 177,360 shares during the same period. Alberta Investment Management Corp owned about 0.98% of Enhabit worth $5,067,000, according to its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new stake in Enhabit in the fourth quarter valued at about $42,000. Quantbot Technologies LP acquired a new position in Enhabit in the third quarter valued at $73,000. Dynamic Technology Lab Private Ltd acquired a new position in Enhabit in the fourth quarter valued at $256,000. Louisiana State Employees Retirement System acquired a new stake in Enhabit in the fourth quarter valued at about $260,000. Finally, Brooks Moore & Associates Inc. increased its position in Enhabit by 5.1% in the third quarter. Brooks Moore & Associates Inc. now owns 26,950 shares of the company's stock valued at $303,000 after buying an additional 1,300 shares in the last quarter.

Insiders place their bets

In other Enhabit news, Director Jeffrey Bolton purchased 10,000 shares of Enhabit on Friday, May 17. The shares were acquired at an average price of $8.33 per share, for a total transaction of $83,300.00. Following the completion of the purchase, the director now directly owns 52,299 shares of the company's stock, valued at approximately $435,650.67. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 22,000 shares of the company's stock over the last 90 days, valued at $183,700. Insiders own 1.90% of the company's stock.

Wall Street analysts comment

EHAB has been the subject of several analyst reports lately. SVB Leerink upgraded Enhabit from “underperform” to “market perform” and set a price target of $8.50 for the company in a research note on Tuesday, May 14. UBS Group upgraded shares of Enhabit from “sell” to “neutral” in a research note on Thursday, March 7 and set a price target of $9.50 for the company. Oppenheimer reiterated a “market perform” rating on shares of Enhabit in a report on Thursday, March 7. Jefferies Financial Group downgraded Enhabit from “buy” to “hold” in a research report on Thursday, May 9 and decreased their price target for the company from $14.00 to $8.75. Finally, Leerink Partnrs upgraded Enhabit from a “strong sell” to a “hold” rating in a research report on Tuesday, May 14. One research analyst has rated the stock with a “sell” rating and seven have given the stock a “hold” rating. Based on data from MarketBeat.com, Enhabit currently has a consensus rating of “Hold” and a consensus price target of $10.13.

Check out our latest analysis on Enhabit

Enhabit trading down 0.1%

NYSE EHAB traded $0.01 lower during trading hours on Friday, reaching $9.19. 475,817 shares of the company traded hands, compared to its average volume of 734,014. Enhabit, Inc. has a 52-week low of $7.12 and a 52-week high of $14.59. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $9.98 and a 200-day moving average price of $10.09. The stock has a market capitalization of $460.88 million, a P/E ratio of -5.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.98.

Enhabit (NYSE:EHAB – Get Free Report) last released its earnings results on Wednesday, May 8. The company reported earnings per share of $0.07 for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $268.25 million. Enhabit had a positive return on equity of 1.43% and a negative net margin of 7.95%. Analysts forecast that Enhabit, Inc. will report earnings per share of $0.24 for the current fiscal year.

Enhabit profile

(Free report)

Enhabit, Inc provides home health and hospice services in the United States. Home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, IV therapy, medication administration, and skilled observation and assessment services; procedures to manage chronic diseases and conditions including diabetes, hypertension, arthritis, Alzheimer's, low vision, spinal stenosis, Parkinson's, osteoporosis, complex wound care, and chronic pain, along with disease-specific plans for patients with diabetes, heart failure, orthopedic surgery or injury, and respiratory conditions; and physical, occupational, and speech therapists provide therapy services.

Read more

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