Bardin Hill Management Partners LP Sells 89,517 Shares of Enhabit, Inc. (NYSE:EHAB)

Bardin Hill Management Partners LP reduced its position in Enhabit, Inc. (NYSE:EHAB - Free Report) by 51.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 84,787 shares of the company's stock after selling 89,517 shares during the period. Enhabit accounts for approximately 0.3% of Bardin Hill Management Partners LP's investment portfolio, making the stock its 28th largest holding. Bardin Hill Management Partners LP owned approximately 0.17% of Enhabit worth $662,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in Enhabit during the 4th quarter worth approximately $45,000. Corient Private Wealth LLC acquired a new position in shares of Enhabit in the 4th quarter valued at $79,000. Quarry LP increased its position in shares of Enhabit by 692.6% in the 4th quarter. Quarry LP now owns 10,811 shares of the company's stock valued at $84,000 after buying an additional 9,447 shares in the last quarter. Stoneridge Investment Partners LLC raised its stake in Enhabit by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,533 shares of the company's stock worth $98,000 after buying an additional 2,308 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Enhabit during the fourth quarter worth about $106,000.

Analyst Upgrades and Downgrades

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

Enhabit Stock Performance

NYSE:EHAB traded up $0.56 on Friday, hitting $10.25. The company's stock had a trading volume of 401,824 shares, compared to its average volume of 482,657. Enhabit, Inc. has a one year low of $6.85 and a one year high of $10.70. The stock has a fifty day moving average of $8.29 and a two-hundred day moving average of $8.05. 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 firm has a market capitalization of $519.03 million, a P/E ratio of -4.42 and a beta of 1.61.

Enhabit (NYSE:EHAB - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $259.90 million during the quarter, compared to analysts' expectations of $266.11 million. Enhabit had a positive return on equity of 1.67% and a negative net margin of 11.24%. Research analysts predict that Enhabit, Inc. will post 0.22 earnings per share for the current 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.