Enhabit (NYSE:EHAB) Shares Gap Up – Time to Buy?

Enhabit, Inc. (NYSE:EHAB) gapped up prior to trading on Thursday . The stock had previously closed at $9.51, but opened at $10.04. Enhabit shares last traded at $10.3140, with a volume of 291,501 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EHAB shares. Citigroup reaffirmed a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Wolfe Research set a $12.00 target price on shares of Enhabit in a research note on Thursday. UBS Group upgraded shares of Enhabit from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.50 to $12.00 in a report on Thursday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.50.

Enhabit Stock Down 2.0%

The company has a market capitalization of $505.31 million, a PE ratio of -39.94 and a beta of 1.66. The company’s fifty day moving average is $9.01 and its 200-day moving average is $8.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.58.

Enhabit (NYSE:EHAB) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $263.60 million for the quarter, compared to the consensus estimate of $267.08 million. Enhabit had a positive return on equity of 3.91% and a negative net margin of 1.14%.Enhabit has set its FY 2025 guidance at 0.500-0.560 EPS. As a group, analysts predict that Enhabit, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of Enhabit

A number of large investors have recently added to or reduced their stakes in the company. 8 Knots Management LLC boosted its position in shares of Enhabit by 9.5% during the 3rd quarter. 8 Knots Management LLC now owns 4,218,846 shares of the company’s stock valued at $33,793,000 after acquiring an additional 365,779 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Enhabit in the 2nd quarter valued at approximately $3,094,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Enhabit by 96.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 640,074 shares of the company’s stock worth $6,170,000 after purchasing an additional 314,401 shares during the period. Marshall Wace LLP increased its position in shares of Enhabit by 59.2% during the 3rd quarter. Marshall Wace LLP now owns 792,981 shares of the company’s stock valued at $6,352,000 after purchasing an additional 294,999 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Enhabit by 73.3% during the 3rd quarter. Bank of America Corp DE now owns 687,934 shares of the company’s stock valued at $5,510,000 after buying an additional 290,978 shares during the period.

About Enhabit

Enhabit, Inc (NYSE: EHAB) is a national provider of home-based healthcare services, offering a continuum of care designed to support patients in the comfort of their own homes. The company’s core mission is to deliver personalized clinical and non-clinical services that help individuals recover from illness or injury, manage chronic conditions, and, when necessary, receive compassionate end-of-life care. Enhabit’s business model centers on combining skilled clinical care with patient-centric service coordination to optimize outcomes and enhance the overall care experience.

The company’s service portfolio includes skilled nursing, physical, occupational and speech therapies, personal care assistance, palliative care and hospice services.