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

Enhabit, Inc. (NYSE:EHAB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $10.79 and last traded at $10.75, with a volume of 23987 shares traded. The stock had previously closed at $10.62.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating on shares of Enhabit in a report on Thursday, March 6th.

Enhabit Stock Performance

The company has a market cap of $546.63 million, a price-to-earnings ratio of -4.65 and a beta of 1.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $8.50.

Enhabit (NYSE:EHAB) last announced its earnings results on Wednesday, May 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $259.90 million for the quarter, compared to the consensus estimate of $266.11 million. Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. On average, sell-side analysts expect that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enhabit

Large investors have recently made changes to their positions in the business. Deerfield Management Company L.P. Series C grew its holdings in Enhabit by 0.3% in the 4th quarter. Deerfield Management Company L.P. Series C now owns 5,010,972 shares of the company’s stock valued at $39,136,000 after buying an additional 13,226 shares during the last quarter. 8 Knots Management LLC grew its stake in shares of Enhabit by 12.6% in the first quarter. 8 Knots Management LLC now owns 4,988,718 shares of the company’s stock worth $43,851,000 after acquiring an additional 557,820 shares during the last quarter. Vanguard Group Inc. increased its position in Enhabit by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,960,343 shares of the company’s stock worth $26,021,000 after acquiring an additional 47,640 shares during the period. AREX Capital Management LP raised its stake in Enhabit by 2.0% during the 4th quarter. AREX Capital Management LP now owns 2,490,795 shares of the company’s stock valued at $19,453,000 after purchasing an additional 48,874 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Enhabit by 0.8% in the 1st quarter. Systematic Financial Management LP now owns 2,012,036 shares of the company’s stock valued at $17,686,000 after purchasing an additional 15,923 shares during the period.

Enhabit Company Profile

Enhabit, Inc provides home health and hospice services in the United States. Its home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, infusion therapy, pharmaceutical administration, and skilled observation and assessment services; practices to treat chronic diseases and conditions, including diabetes, hypertension, arthritis, Alzheimer's disease, low vision, spinal stenosis, Parkinson's disease, osteoporosis, complex wound care and chronic pain, along with disease-specific plans for patients with diabetes, congestive heart failure, post-orthopedic surgery, or injury and respiratory diseases; and physical, occupational and speech therapists provide therapy services.