Enhabit (NYSE:EHAB) Sets New 12-Month High – Still a Buy?

Enhabit, Inc. (NYSE:EHAB) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.11 and last traded at $14.0840, with a volume of 3908377 shares trading hands. The stock had previously closed at $13.66.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $13.80 price target (up from $12.00) on shares of Enhabit in a research report on Tuesday, February 24th. TD Cowen reaffirmed a “hold” rating and issued a $13.80 price objective (up from $12.00) on shares of Enhabit in a research report on Friday, March 6th. Oppenheimer lowered shares of Enhabit from an “outperform” rating to a “market perform” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Enhabit in a research report on Monday, December 29th. Finally, Jefferies Financial Group downgraded shares of Enhabit from a “buy” rating to a “hold” rating and raised their target price for the company from $12.50 to $13.80 in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Enhabit currently has a consensus rating of “Hold” and an average price target of $13.57.

Enhabit Stock Performance

The firm has a market cap of $710.33 million, a price-to-earnings ratio of -155.61 and a beta of 1.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a fifty day simple moving average of $12.47 and a two-hundred day simple moving average of $10.10.

Enhabit (NYSE:EHAB) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $270.40 million for the quarter, compared to the consensus estimate of $270.56 million. Enhabit had a negative net margin of 0.43% and a positive return on equity of 4.71%. On average, analysts expect that Enhabit, Inc. will post 0.22 EPS for the current year.

Insider Transactions at Enhabit

In other Enhabit news, EVP Julie Diane Jolley sold 2,793 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $13.63, for a total value of $38,068.59. Following the completion of the transaction, the executive vice president owned 139,923 shares of the company’s stock, valued at approximately $1,907,150.49. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Enhabit

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Enhabit by 115.6% in the first quarter. AQR Capital Management LLC now owns 215,341 shares of the company’s stock valued at $1,867,000 after purchasing an additional 115,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Enhabit by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,813 shares of the company’s stock valued at $262,000 after buying an additional 1,248 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Enhabit by 110,987.5% in the first quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock valued at $78,000 after buying an additional 8,879 shares during the last quarter. Empowered Funds LLC increased its holdings in Enhabit by 8.4% in the 1st quarter. Empowered Funds LLC now owns 190,514 shares of the company’s stock worth $1,675,000 after buying an additional 14,690 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Enhabit in the 1st quarter worth approximately $114,000.

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.