DRW Securities LLC Buys New Position in Enhabit, Inc. (NYSE:EHAB)

DRW Securities LLC purchased a new stake in Enhabit, Inc. (NYSE:EHAB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,321 shares of the company’s stock, valued at approximately $326,000. DRW Securities LLC owned about 0.08% of Enhabit at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Separately, Leerink Partners reaffirmed a “market perform” rating and set a $8.00 price target (down 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.25.

Enhabit Stock Performance

Shares of EHAB stock opened at $7.62 on Wednesday. Enhabit, Inc. has a 12-month low of $6.85 and a 12-month high of $11.74. 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 company has a 50 day moving average of $7.50 and a 200-day moving average of $8.37. The firm has a market cap of $383.13 million, a P/E ratio of -3.29 and a beta of 1.84.

Enhabit (NYSE:EHAB) last issued its earnings results on Wednesday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $261.69 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Sell-side analysts anticipate that Enhabit, Inc. will post 0.22 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.