West Tower Group LLC Increases Stake in Enhabit, Inc. $EHAB

West Tower Group LLC raised its stake in shares of Enhabit, Inc. (NYSE:EHAB) by 31.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,142 shares of the company’s stock after buying an additional 90,000 shares during the quarter. Enhabit comprises 8.7% of West Tower Group LLC’s portfolio, making the stock its 3rd biggest position. West Tower Group LLC’s holdings in Enhabit were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EHAB. Vanguard Group Inc. lifted its position in Enhabit by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 2,960,343 shares of the company’s stock valued at $26,021,000 after acquiring an additional 47,640 shares in the last quarter. Nuveen LLC acquired a new stake in Enhabit during the first quarter worth approximately $1,773,000. Walleye Capital LLC bought a new position in Enhabit during the first quarter worth about $345,000. Ieq Capital LLC bought a new stake in shares of Enhabit during the 1st quarter valued at $165,000. Finally, Trexquant Investment LP increased its stake in Enhabit by 30.1% in the first quarter. Trexquant Investment LP now owns 185,603 shares of the company’s stock valued at $1,631,000 after acquiring an additional 42,908 shares during the last quarter.

Analyst Upgrades and Downgrades

EHAB has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of Enhabit in a research report on Tuesday, December 16th. Citigroup restated a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Enhabit in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.50.

Enhabit Stock Down 1.0%

EHAB stock opened at $9.39 on Friday. The stock has a fifty day moving average of $8.81 and a 200-day moving average of $8.24. 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, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $10.90. The company has a market capitalization of $474.97 million, a price-to-earnings ratio of -37.54 and a beta of 1.67.

Enhabit (NYSE:EHAB) last posted its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $263.60 million during the quarter, compared to analysts’ expectations 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, equities research analysts predict that Enhabit, Inc. will post 0.22 earnings per share for the current year.

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.