California State Teachers Retirement System Reduces Holdings in Enhabit, Inc. (NYSE:EHAB)

California State Teachers Retirement System reduced its holdings in shares of Enhabit, Inc. (NYSE:EHAB - Free Report) by 91.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EHAB. Empowered Funds LLC increased its holdings in Enhabit by 5.0% during the 4th quarter. Empowered Funds LLC now owns 175,824 shares of the company's stock valued at $1,373,000 after acquiring an additional 8,448 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Enhabit by 2.8% during the fourth quarter. Rhumbline Advisers now owns 80,760 shares of the company's stock worth $631,000 after buying an additional 2,211 shares in the last quarter. Paradice Investment Management LLC grew its holdings in shares of Enhabit by 12.8% during the fourth quarter. Paradice Investment Management LLC now owns 1,780,113 shares of the company's stock worth $13,903,000 after buying an additional 201,997 shares in the last quarter. Versor Investments LP grew its holdings in shares of Enhabit by 135.0% during the fourth quarter. Versor Investments LP now owns 28,900 shares of the company's stock worth $226,000 after buying an additional 16,600 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Enhabit during the fourth quarter worth about $124,000.

Wall Street Analysts Forecast Growth

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

Enhabit Trading Up 1.3%

EHAB stock traded up $0.13 during midday trading on Monday, reaching $9.91. 350,358 shares of the company's stock traded hands, compared to its average volume of 462,035. The company has a market capitalization of $501.56 million, a P/E ratio of -4.27 and a beta of 1.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.46 and a quick ratio of 1.46. Enhabit, Inc. has a fifty-two week low of $6.85 and a fifty-two week high of $10.91. The business has a 50-day moving average price of $9.26 and a two-hundred day moving average price of $8.63.

Enhabit (NYSE:EHAB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $259.90 million for the quarter, compared to analysts' expectations of $266.11 million. Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. Equities research analysts forecast that Enhabit, Inc. will post 0.22 EPS for the current fiscal year.

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.