Enhabit, Inc. (NYSE:EHAB) Sees Significant Decrease in Short Interest

Enhabit, Inc. (NYSE:EHAB) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,340,000 shares, a decrease of 20.2% from the October 15th total of 1,680,000 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average trading volume of 624,400 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling

In other Enhabit news, Director Jeffrey Bolton bought 5,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $8.01 per share, for a total transaction of $40,050.00. Following the completion of the transaction, the director now directly owns 78,877 shares of the company’s stock, valued at $631,804.77. This trade represents a 6.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EHAB. Allspring Global Investments Holdings LLC bought a new stake in Enhabit in the first quarter valued at $44,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Enhabit by 7.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,224 shares of the company’s stock valued at $306,000 after buying an additional 1,768 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Enhabit by 10.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 33,042 shares of the company’s stock valued at $385,000 after buying an additional 3,193 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Enhabit during the 1st quarter valued at $118,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Enhabit by 268.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 52,932 shares of the company’s stock valued at $617,000 after buying an additional 38,555 shares in the last quarter.

Enhabit Price Performance

Enhabit stock traded down $0.09 during mid-day trading on Friday, hitting $7.35. 419,503 shares of the company traded hands, compared to its average volume of 583,356. Enhabit has a one year low of $6.85 and a one year high of $11.74. The stock has a market cap of $369.59 million, a price-to-earnings ratio of -3.13 and a beta of 1.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.48 and a current ratio of 1.46. The stock has a fifty day moving average price of $7.58 and a 200-day moving average price of $8.52.

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