Quest Partners LLC Sells 3,657 Shares of Enhabit, Inc. (NYSE:EHAB)

Quest Partners LLC lowered its stake in Enhabit, Inc. (NYSE:EHAB) by 18.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,144 shares of the company’s stock after selling 3,657 shares during the period. Quest Partners LLC’s holdings in Enhabit were worth $128,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in Enhabit in the second quarter valued at about $31,000. Quarry LP raised its position in shares of Enhabit by 242.2% in the 2nd quarter. Quarry LP now owns 3,703 shares of the company’s stock valued at $33,000 after buying an additional 2,621 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Enhabit during the 3rd quarter worth approximately $81,000. Canada Pension Plan Investment Board bought a new stake in shares of Enhabit during the 2nd quarter worth approximately $93,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Enhabit during the 2nd quarter worth approximately $94,000.

Wall Street Analysts Forecast Growth

Separately, Leerink Partners reiterated a “market perform” rating and issued a $8.00 target price (down previously from $8.50) on shares of Enhabit in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.25.

Enhabit Price Performance

Shares of NYSE EHAB opened at $7.62 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.85. The firm has a market cap of $383.16 million, a PE ratio of -3.28 and a beta of 1.84. The company’s fifty day simple moving average is $7.48 and its 200 day simple moving average is $8.36. Enhabit, Inc. has a 12-month low of $6.85 and a 12-month high of $11.74.

Enhabit (NYSE:EHAB) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.03 earnings per share. As a group, sell-side analysts forecast that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

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.