Legal & General Group Plc Cuts Position in Enhabit, Inc. (NYSE:EHAB)

Legal & General Group Plc decreased its holdings in Enhabit, Inc. (NYSE:EHAB - Free Report) by 90.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,460 shares of the company's stock after selling 41,641 shares during the quarter. Legal & General Group Plc's holdings in Enhabit were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Enhabit during the 4th quarter worth $45,000. Corient Private Wealth LLC bought a new position in shares of Enhabit during the 4th quarter valued at approximately $79,000. Stoneridge Investment Partners LLC lifted its position in Enhabit by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 12,533 shares of the company's stock valued at $98,000 after purchasing an additional 2,308 shares during the last quarter. Intech Investment Management LLC increased its stake in Enhabit by 27.6% during the fourth quarter. Intech Investment Management LLC now owns 15,481 shares of the company's stock worth $121,000 after acquiring an additional 3,353 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Enhabit in the 4th quarter worth approximately $124,000.

Enhabit Trading Up 1.2 %

Shares of EHAB traded up $0.10 during midday trading on Wednesday, reaching $8.14. The company had a trading volume of 384,274 shares, compared to its average volume of 481,655. Enhabit, Inc. has a 1-year low of $6.85 and a 1-year high of $10.70. The stock has a market cap of $412.19 million, a PE ratio of -3.51 and a beta of 1.61. The firm has a 50 day simple moving average of $8.26 and a 200-day simple moving average of $8.04. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.85.

Enhabit (NYSE:EHAB - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 11.24% and a positive return on equity of 1.67%. Research analysts forecast that Enhabit, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.