Enhabit, Inc. (NYSE:EHAB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in Enhabit, Inc. (NYSE:EHAB - Free Report) by 91.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,608 shares of the company's stock after selling 37,210 shares during the quarter. California State Teachers Retirement System's holdings in Enhabit were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EHAB. Paradice Investment Management LLC increased its holdings in Enhabit by 12.8% during the 4th quarter. Paradice Investment Management LLC now owns 1,780,113 shares of the company's stock worth $13,903,000 after purchasing an additional 201,997 shares during the period. Group One Trading LLC increased its holdings in Enhabit by 248.3% during the 4th quarter. Group One Trading LLC now owns 7,746 shares of the company's stock worth $60,000 after purchasing an additional 5,522 shares during the period. Nuveen Asset Management LLC increased its holdings in Enhabit by 95.5% during the 4th quarter. Nuveen Asset Management LLC now owns 265,361 shares of the company's stock worth $2,072,000 after purchasing an additional 129,610 shares during the period. Corient Private Wealth LLC purchased a new stake in Enhabit during the 4th quarter worth about $79,000. Finally, Deutsche Bank AG increased its holdings in Enhabit by 8.0% during the 4th quarter. Deutsche Bank AG now owns 242,999 shares of the company's stock worth $1,898,000 after purchasing an additional 17,941 shares during the period.

Analysts Set New Price Targets

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

Enhabit Stock Performance

Shares of NYSE EHAB traded down $0.20 during trading hours on Friday, reaching $9.77. The stock had a trading volume of 400,689 shares, compared to its average volume of 462,484. The firm has a market cap of $494.72 million, a price-to-earnings ratio of -4.21 and a beta of 1.80. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.85. Enhabit, Inc. has a fifty-two week low of $6.85 and a fifty-two week high of $10.91. The firm has a 50-day moving average of $9.21 and a 200-day moving average of $8.60.

Enhabit (NYSE:EHAB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. Enhabit had a positive return on equity of 1.67% and a negative net margin of 11.24%. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $266.11 million. Equities 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.