Key Points
- Collin Mcquiddy sold 1,403 shares of Enhabit on March 11 at an average price of $13.61 for $19,094.83, cutting his stake by 26.01% to 3,991 shares.
- Enhabit reported Q EPS of $0.14, matching estimates with revenue of $270.4M (essentially in line), and its shares trade around $13.62 with a market cap of about $690.6M and a negative P/E of -151.28.
- Analysts have a consensus rating of "Hold" with an average target of $13.57; coverage is mixed (2 Buy, 6 Hold, 1 Sell) and several firms have recently raised targets to ~$13.80.
Enhabit, Inc. (NYSE:EHAB - Get Free Report) CAO Collin Mcquiddy sold 1,403 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $13.61, for a total transaction of $19,094.83. Following the transaction, the chief accounting officer directly owned 3,991 shares in the company, valued at $54,317.51. This trade represents a 26.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Enhabit Stock Performance
Enhabit stock traded down $0.01 during mid-day trading on Thursday, reaching $13.62. The company had a trading volume of 821,112 shares, compared to its average volume of 1,372,830. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. The firm has a market cap of $690.59 million, a price-to-earnings ratio of -151.28 and a beta of 1.56. The company has a 50 day moving average of $11.39 and a 200-day moving average of $9.49. Enhabit, Inc. has a 52 week low of $6.47 and a 52 week high of $13.68.
Enhabit (NYSE:EHAB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company 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, sell-side analysts expect that Enhabit, Inc. will post 0.22 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Enhabit in a report on Monday, December 29th. Leerink Partners boosted their price objective on Enhabit from $9.50 to $13.80 and gave the company a "market perform" rating in a research report on Monday, February 23rd. Wolfe Research set a $12.00 target price on Enhabit in a research note on Thursday, January 8th. Truist Financial set a $13.80 target price on Enhabit in a research report on Monday, February 23rd. Finally, UBS Group reiterated a "neutral" rating and set a $13.80 price target (up from $12.00) on shares of Enhabit in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Enhabit has an average rating of "Hold" and an average target price of $13.57.
View Our Latest Analysis on EHAB
Hedge Funds Weigh In On Enhabit
A number of hedge funds have recently modified their holdings of EHAB. Osaic Holdings Inc. lifted its position in shares of Enhabit by 337.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,616 shares of the company's stock worth $25,000 after buying an additional 2,018 shares during the period. State of Alaska Department of Revenue acquired a new stake in Enhabit in the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC grew its position in Enhabit by 82.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company's stock valued at $44,000 after acquiring an additional 2,059 shares during the period. Russell Investments Group Ltd. raised its stake in Enhabit by 523.1% during the second quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company's stock worth $56,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Simplex Trading LLC raised its stake in Enhabit by 69.8% during the fourth quarter. Simplex Trading LLC now owns 8,115 shares of the company's stock worth $75,000 after acquiring an additional 3,336 shares in the last quarter.
Enhabit Company Profile
(
Get Free Report)
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.
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