Arizona State Retirement System Decreases Holdings in Enhabit, Inc. (NYSE:EHAB)

Arizona State Retirement System lowered its stake in Enhabit, Inc. (NYSE:EHAB) by 12.1% in the 4th quarter, HoldingsChannel reports. The fund owned 11,906 shares of the company’s stock after selling 1,645 shares during the period. Arizona State Retirement System’s holdings in Enhabit were worth $123,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Enhabit in the 3rd quarter worth approximately $73,000. Everence Capital Management Inc. purchased a new position in Enhabit during the third quarter worth $202,000. Brooks Moore & Associates Inc. increased its position in Enhabit by 5.1% during the third quarter. Brooks Moore & Associates Inc. now owns 26,950 shares of the company’s stock valued at $303,000 after acquiring an additional 1,300 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Enhabit in the third quarter valued at $310,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Enhabit in the 3rd quarter worth about $334,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Enhabit from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. UBS Group upgraded Enhabit from a “sell” rating to a “neutral” rating and set a $9.50 price target on the stock in a report on Thursday, March 7th. Finally, Oppenheimer restated a “market perform” rating on shares of Enhabit in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.08.

Enhabit Stock Up 0.1 %

Shares of NYSE EHAB opened at $10.26 on Tuesday. Enhabit, Inc. has a 52-week low of $7.12 and a 52-week high of $14.59. The firm has a market capitalization of $514.60 million, a price-to-earnings ratio of -6.33, a PEG ratio of 1.57 and a beta of 1.96. The stock has a 50 day moving average price of $10.20 and a 200 day moving average price of $9.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.53 and a current ratio of 1.53.

Enhabit (NYSE:EHAB) last issued its earnings results on Wednesday, March 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Enhabit had a positive return on equity of 1.55% and a negative net margin of 7.69%. The business had revenue of $260.60 million during the quarter, compared to analyst estimates of $260.30 million. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts expect that Enhabit, Inc. will post 0.24 earnings per share for the current year.

About Enhabit

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.