Point72 Asia Singapore Pte. Ltd. Purchases Shares of 11,877 Enhabit, Inc. (NYSE:EHAB)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Enhabit, Inc. (NYSE:EHAB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,877 shares of the company’s stock, valued at approximately $106,000.

A number of other hedge funds have also recently made changes to their positions in the business. Gladius Capital Management LP bought a new position in Enhabit in the 2nd quarter valued at about $31,000. Quarry LP raised its stake 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 purchasing an additional 2,621 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Enhabit in the first quarter valued at approximately $44,000. Canada Pension Plan Investment Board bought a new position in shares of Enhabit in the second quarter valued at approximately $93,000. Finally, AQR Capital Management LLC bought a new stake in Enhabit during the second quarter worth $94,000.

Analysts Set New Price Targets

Separately, Bank of America lowered their price target on Enhabit from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.35.

Enhabit Stock Down 1.1 %

Enhabit stock opened at $7.49 on Friday. The firm has a market capitalization of $375.42 million, a price-to-earnings ratio of -4.51 and a beta of 1.81. The firm has a 50 day simple moving average of $8.36 and a 200 day simple moving average of $9.21. Enhabit, Inc. has a 1-year low of $7.12 and a 1-year high of $11.74. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.73.

Enhabit (NYSE:EHAB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $260.60 million during the quarter, compared to analysts’ expectations of $265.99 million. Enhabit had a positive return on equity of 1.61% and a negative net margin of 0.84%. During the same period in the previous year, the business earned $0.04 earnings per share. On average, analysts predict that Enhabit, Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling at Enhabit

In other news, Director Jeffrey Bolton purchased 5,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $8.01 per share, with a total value of $40,050.00. Following the completion of the acquisition, the director now owns 78,877 shares in the company, valued at $631,804.77. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.