Enhabit, Inc. (NYSE:EHAB) Short Interest Update

Enhabit, Inc. (NYSE:EHAB) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,239,534 shares, a decrease of 20.6% from the February 12th total of 1,560,640 shares. Based on an average trading volume of 4,035,523 shares, the short-interest ratio is currently 0.3 days. Currently, 2.5% of the company’s stock are sold short. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 4,035,523 shares, the short-interest ratio is currently 0.3 days.

Insider Transactions at Enhabit

In other Enhabit news, EVP Julie Diane Jolley sold 2,793 shares of the stock in a transaction on Monday, March 9th. The stock was 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 in the company, valued at approximately $1,907,150.49. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Enhabit

Hedge funds and other institutional investors have recently modified their holdings of the company. 8 Knots Management LLC boosted its stake in shares of Enhabit by 20.5% in the 4th quarter. 8 Knots Management LLC now owns 5,084,714 shares of the company’s stock worth $46,881,000 after buying an additional 865,868 shares during the last quarter. Vanguard Group Inc. increased its position in Enhabit by 8.2% during the third quarter. Vanguard Group Inc. now owns 3,393,069 shares of the company’s stock valued at $27,178,000 after acquiring an additional 256,559 shares during the last quarter. Geode Capital Management LLC increased its position in Enhabit by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,187,434 shares of the company’s stock valued at $10,951,000 after acquiring an additional 11,583 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Enhabit by 30.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 866,539 shares of the company’s stock valued at $7,989,000 after acquiring an additional 201,269 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Enhabit in the fourth quarter valued at about $7,567,000.

Enhabit Stock Performance

Shares of EHAB stock traded up $0.01 during trading hours on Tuesday, reaching $13.62. The company had a trading volume of 1,001,835 shares, compared to its average volume of 1,372,462. The business has a fifty day moving average price of $11.74 and a 200-day moving average price of $9.66. Enhabit has a one year low of $6.47 and a one year high of $13.68. The firm has a market cap of $690.55 million, a PE ratio of -151.28 and a beta of 1.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.63 and a current ratio of 1.63.

Enhabit (NYSE:EHAB) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Enhabit had a negative net margin of 0.43% and a positive return on equity of 4.71%. The firm had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $270.56 million. Sell-side analysts predict that Enhabit will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on EHAB. Citigroup reissued a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Leerink Partners increased their price target on shares of Enhabit from $9.50 to $13.80 and gave the company a “market perform” rating in a report on Monday, February 23rd. UBS Group reiterated a “neutral” rating and set a $13.80 target price (up from $12.00) on shares of Enhabit in a research note on Tuesday, February 24th. Jefferies Financial Group lowered Enhabit from a “buy” rating to a “hold” rating and lifted their target price for the stock from $12.50 to $13.80 in a report on Monday, February 23rd. Finally, TD Cowen restated a “hold” rating and issued a $13.80 price target (up from $12.00) on shares of Enhabit in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Enhabit has a consensus rating of “Hold” and a consensus price target of $13.57.

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.