Enhabit (NYSE:EHAB) Sets New 12-Month High – Here’s What Happened

Enhabit, Inc. (NYSE:EHAB) reached a new 52-week high on Wednesday . The stock traded as high as $11.35 and last traded at $11.24, with a volume of 1989 shares changing hands. The stock had previously closed at $11.19.

Analysts Set New Price Targets

Several research analysts have recently commented on EHAB shares. Citigroup reaffirmed a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Jefferies Financial Group restated a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. TD Cowen upgraded shares of Enhabit to a “buy” rating in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Enhabit to a “buy” rating in a research report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Enhabit Stock Down 1.3%

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 market capitalization of $558.99 million, a PE ratio of -44.16 and a beta of 1.66. The company’s 50 day moving average is $10.05 and its two-hundred day moving average is $8.72.

Institutional Investors Weigh In On Enhabit

A number of hedge funds have recently made changes to their positions in EHAB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 acquiring an additional 1,248 shares during the period. Orion Porfolio Solutions LLC grew its holdings in Enhabit by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 144,016 shares of the company’s stock valued at $1,154,000 after purchasing an additional 1,361 shares during the last quarter. Strs Ohio raised its position in Enhabit by 10.9% in the 3rd quarter. Strs Ohio now owns 15,300 shares of the company’s stock worth $123,000 after purchasing an additional 1,500 shares during the period. Osaic Holdings Inc. lifted its stake in Enhabit by 337.5% in the second quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock worth $25,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Enhabit by 82.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company’s stock valued at $44,000 after buying an additional 2,059 shares during the last quarter.

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.