GSA Capital Partners LLP Boosts Stake in Enhabit, Inc. (NYSE:EHAB)

GSA Capital Partners LLP raised its position in Enhabit, Inc. (NYSE:EHAB) by 78.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,012 shares of the company’s stock after purchasing an additional 62,397 shares during the quarter. GSA Capital Partners LLP owned 0.28% of Enhabit worth $1,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in Enhabit in the second quarter valued at approximately $31,000. Quarry LP increased its position in shares of Enhabit by 242.2% in the second quarter. Quarry LP now owns 3,703 shares of the company’s stock worth $33,000 after acquiring an additional 2,621 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Enhabit in the 1st quarter valued at $44,000. Stoneridge Investment Partners LLC purchased a new position in shares of Enhabit in the 3rd quarter valued at $81,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Enhabit during the 2nd quarter worth $93,000.

Enhabit Stock Down 2.2 %

Shares of NYSE EHAB opened at $7.44 on Friday. The stock has a fifty day moving average price of $7.58 and a 200 day moving average price of $8.52. The company has a current ratio of 1.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.85. Enhabit, Inc. has a 12-month low of $6.85 and a 12-month high of $11.74. The company has a market cap of $374.08 million, a P/E ratio of -3.21 and a beta of 1.84.

Enhabit (NYSE:EHAB) last posted its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $253.60 million during the quarter, compared to analyst estimates of $261.69 million. Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. During the same quarter last year, the business posted $0.03 EPS. Research analysts anticipate that Enhabit, Inc. will post 0.25 EPS for the current fiscal year.

Insider Activity

In other Enhabit news, Director Jeffrey Bolton bought 5,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $8.01 per share, with a total value of $40,050.00. Following the transaction, the director now directly owns 78,877 shares in the company, valued at approximately $631,804.77. This trade represents a 6.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

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.