Enhabit, Inc. (NYSE:EHAB) Stake Lifted by 8 Knots Management LLC

8 Knots Management LLC lifted its position in Enhabit, Inc. (NYSE:EHAB - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,430,898 shares of the company's stock after buying an additional 623,602 shares during the quarter. Enhabit makes up approximately 3.5% of 8 Knots Management LLC's portfolio, making the stock its 10th biggest holding. 8 Knots Management LLC owned approximately 8.81% of Enhabit worth $34,605,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in Enhabit by 19.6% in the third quarter. Franklin Resources Inc. now owns 32,382 shares of the company's stock valued at $256,000 after purchasing an additional 5,317 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Enhabit by 37.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,245 shares of the company's stock worth $2,411,000 after acquiring an additional 83,707 shares during the last quarter. Paradice Investment Management LLC grew its position in Enhabit by 12.8% in the fourth quarter. Paradice Investment Management LLC now owns 1,780,113 shares of the company's stock worth $13,903,000 after acquiring an additional 201,997 shares in the last quarter. Corient Private Wealth LLC bought a new position in Enhabit in the fourth quarter valued at $79,000. Finally, Rhumbline Advisers raised its position in Enhabit by 2.8% during the fourth quarter. Rhumbline Advisers now owns 80,760 shares of the company's stock valued at $631,000 after purchasing an additional 2,211 shares in the last quarter.

Enhabit Trading Up 2.2 %

Shares of NYSE:EHAB traded up $0.17 on Friday, reaching $8.02. 414,965 shares of the company traded hands, compared to its average volume of 481,886. Enhabit, Inc. has a 52 week low of $6.85 and a 52 week high of $10.70. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.85. The business's 50-day simple moving average is $8.28 and its 200 day simple moving average is $8.03. The stock has a market capitalization of $404.85 million, a P/E ratio of -3.46 and a beta of 1.60.

Analysts Set New Price Targets

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

Enhabit 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.