Enhabit (NYSE:EHAB) Sets New 12-Month High – Should You Buy?

Shares of Enhabit, Inc. (NYSE:EHAB) hit a new 52-week high during trading on Monday . The company traded as high as $13.59 and last traded at $13.6050, with a volume of 1699203 shares trading hands. The stock had previously closed at $11.09.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer cut shares of Enhabit from an “outperform” rating to a “market perform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised Enhabit to a “buy” rating in a research report on Tuesday, January 13th. Wolfe Research set a $12.00 price target on Enhabit in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. Finally, TD Cowen raised shares of Enhabit to a “buy” rating in a research report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.31.

Enhabit Stock Performance

The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $10.47 and a 200 day moving average of $9.05. The firm has a market cap of $686.99 million, a price-to-earnings ratio of -54.30 and a beta of 1.65.

Hedge Funds Weigh In On Enhabit

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

Enhabit Company Profile

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.