Systematic Financial Management LP Buys 157,914 Shares of Enhabit, Inc. (NYSE:EHAB)

Systematic Financial Management LP raised its position in Enhabit, Inc. (NYSE:EHAB - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,996,113 shares of the company's stock after purchasing an additional 157,914 shares during the period. Systematic Financial Management LP owned 3.97% of Enhabit worth $15,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Enhabit during the 4th quarter worth $45,000. Group One Trading LLC grew its stake in shares of Enhabit by 248.3% during the fourth quarter. Group One Trading LLC now owns 7,746 shares of the company's stock valued at $60,000 after acquiring an additional 5,522 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Enhabit in the 4th quarter valued at about $79,000. Quarry LP lifted 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 worth $84,000 after buying an additional 9,447 shares during the last quarter. Finally, Stoneridge Investment Partners LLC grew 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 last quarter.

Analyst Upgrades and Downgrades

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

Enhabit Stock Performance

Enhabit stock traded down $0.12 during trading hours on Friday, reaching $10.14. 36,950 shares of the company were exchanged, compared to its average volume of 455,924. Enhabit, Inc. has a 12 month low of $6.85 and a 12 month high of $10.79. 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 stock has a 50-day moving average of $8.68 and a 200 day moving average of $8.29. The firm has a market cap of $513.46 million, a price-to-earnings ratio of -4.37 and a beta of 1.61.

Enhabit (NYSE:EHAB - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.10 EPS 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 business had revenue of $259.90 million for the quarter, compared to analyst estimates of $266.11 million. As a group, research analysts anticipate that Enhabit, Inc. will post 0.22 earnings per share for the current 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.