Enhabit, Inc. (NYSE:EHAB) is 8 Knots Management LLC’s 10th Largest Position

8 Knots Management LLC boosted its stake in shares of Enhabit, Inc. (NYSE:EHAB) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,430,898 shares of the company’s stock after buying an additional 623,602 shares during the quarter. Enhabit accounts for approximately 3.5% of 8 Knots Management LLC’s portfolio, making the stock its 10th largest holding. 8 Knots Management LLC owned 8.81% of Enhabit worth $34,605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Enhabit by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,137,458 shares of the company’s stock valued at $8,987,000 after acquiring an additional 10,538 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Enhabit by 19.6% during the 3rd quarter. Franklin Resources Inc. now owns 32,382 shares of the company’s stock worth $256,000 after purchasing an additional 5,317 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Enhabit by 37.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 305,245 shares of the company’s stock worth $2,411,000 after purchasing an additional 83,707 shares during the last quarter. Empowered Funds LLC lifted its stake in Enhabit by 5.0% in the 4th quarter. Empowered Funds LLC now owns 175,824 shares of the company’s stock valued at $1,373,000 after buying an additional 8,448 shares in the last quarter. Finally, Stoneridge Investment Partners LLC grew its holdings in Enhabit by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,533 shares of the company’s stock valued at $98,000 after buying an additional 2,308 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Enhabit in a report on Thursday, March 6th.

Enhabit Stock Up 1.9 %

Shares of NYSE:EHAB opened at $7.93 on Tuesday. Enhabit, Inc. has a 12-month low of $6.85 and a 12-month high of $10.70. The stock’s 50-day moving average price is $8.30 and its two-hundred day moving average price is $8.01. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.85. The firm has a market cap of $400.31 million, a price-to-earnings ratio of -3.42 and a beta of 1.60.

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.