Enhabit (NYSE:EHAB) EVP Sells $38,068.59 in Stock

Enhabit, Inc. (NYSE:EHAB) 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 sale, the executive vice president owned 139,923 shares in the company, valued at $1,907,150.49. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Enhabit Stock Performance

Enhabit stock opened at $13.61 on Friday. The stock has a 50-day simple moving average of $11.57 and a 200 day simple moving average of $9.56. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. Enhabit, Inc. has a 12-month low of $6.47 and a 12-month high of $13.68. The stock has a market capitalization of $690.50 million, a price-to-earnings ratio of -151.27 and a beta of 1.56.

Enhabit (NYSE:EHAB) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business 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, research analysts anticipate that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enhabit

Institutional investors have recently modified their holdings of the business. Bailard Inc. acquired a new stake in Enhabit during the 3rd quarter worth $442,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Enhabit during the 2nd quarter valued at $717,000. Globeflex Capital L P acquired a new position in shares of Enhabit in the 2nd quarter valued at $1,154,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Enhabit in the 2nd quarter valued at $958,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Enhabit by 188.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 218,284 shares of the company’s stock worth $1,748,000 after purchasing an additional 142,556 shares during the last quarter.

Analysts Set New Price Targets

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

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.