Julie Diane Jolley Sells 2,793 Shares of Enhabit (NYSE:EHAB) Stock

Enhabit, Inc. (NYSE:EHAB) EVP Julie Diane Jolley sold 2,793 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $13.63, for a total transaction of $38,068.59. Following the sale, the executive vice president owned 139,923 shares in the company, valued at approximately $1,907,150.49. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Enhabit Price Performance

Shares of NYSE EHAB traded up $0.02 during mid-day trading on Wednesday, reaching $13.62. 2,806,514 shares of the company were exchanged, compared to its average volume of 2,568,830. Enhabit, Inc. has a 52 week low of $6.47 and a 52 week high of $13.68. The company’s 50 day moving average price is $11.39 and its 200 day moving average price is $9.49. The stock has a market capitalization of $690.55 million, a PE ratio of -151.28 and a beta of 1.56. 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 (NYSE:EHAB) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Enhabit had a positive return on equity of 4.71% and a negative net margin of 0.43%.The business had revenue of $270.40 million for the quarter, compared to the consensus estimate of $270.56 million. Sell-side analysts forecast that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enhabit

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Enhabit by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,813 shares of the company’s stock valued at $262,000 after purchasing an additional 1,248 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Enhabit by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 144,016 shares of the company’s stock valued at $1,154,000 after purchasing an additional 1,361 shares in the last quarter. Strs Ohio boosted its stake in shares of Enhabit by 10.9% during the 3rd quarter. Strs Ohio now owns 15,300 shares of the company’s stock valued at $123,000 after purchasing an additional 1,500 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Enhabit by 337.5% during the second quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock valued at $25,000 after buying an additional 2,018 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Enhabit by 82.9% in the second 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 in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on EHAB shares. TD Cowen restated a “hold” rating and issued a $13.80 target price (up from $12.00) on shares of Enhabit in a research report on Friday, March 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Enhabit in a research note on Monday, December 29th. Jefferies Financial Group cut shares of Enhabit from a “buy” rating to a “hold” rating and upped their price objective for the company from $12.50 to $13.80 in a research note on Monday, February 23rd. Oppenheimer cut shares of Enhabit from an “outperform” rating to a “market perform” rating in a research report on Monday, February 23rd. Finally, Truist Financial set a $13.80 price target on shares of Enhabit in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently 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.