Enhabit (NYSE:EHAB) Sees Large Volume Increase – What’s Next?

Enhabit, Inc. (NYSE:EHAB) shares saw strong trading volume on Tuesday . 1,358,650 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 944,999 shares.The stock last traded at $13.5750 and had previously closed at $13.60.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EHAB shares. UBS Group reiterated a “neutral” rating and issued a $13.80 price objective (up from $12.00) on shares of Enhabit in a research note on Tuesday. Jefferies Financial Group lowered Enhabit from a “buy” rating to a “hold” rating and increased their price target for the company from $12.50 to $13.80 in a research report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of Enhabit in a research report on Monday, December 29th. Truist Financial set a $13.80 target price on shares of Enhabit in a research note on Monday. Finally, Citigroup reaffirmed a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.31.

Enhabit Price Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s fifty day moving average price is $10.55 and its 200-day moving average price is $9.08. The firm has a market cap of $688.04 million, a PE ratio of -54.38 and a beta of 1.66.

Hedge Funds Weigh In On Enhabit

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in Enhabit by 337.5% during 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 in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Enhabit in the third quarter valued at $27,000. Tower Research Capital LLC TRC raised its stake in shares of Enhabit by 82.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company’s stock worth $44,000 after buying an additional 2,059 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Enhabit by 523.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company’s stock worth $56,000 after buying an additional 4,865 shares in the last quarter. Finally, Simplex Trading LLC grew its stake in Enhabit by 69.8% in the 4th quarter. Simplex Trading LLC now owns 8,115 shares of the company’s stock valued at $75,000 after acquiring an additional 3,336 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.