Short Interest in Enhabit, Inc. (NYSE:EHAB) Drops By 20.6%

Enhabit, Inc. (NYSE:EHAB) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,239,534 shares, a decrease of 20.6% from the February 12th total of 1,560,640 shares. Based on an average trading volume of 4,035,523 shares, the short-interest ratio is currently 0.3 days. Approximately 2.5% of the company’s stock are sold short. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 4,035,523 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wolfe Research set a $12.00 price objective on shares of Enhabit in a research note on Thursday, January 8th. TD Cowen reiterated a “hold” rating and issued a $13.80 target price (up from $12.00) on shares of Enhabit in a research note on Friday, March 6th. Truist Financial set a $13.80 price target on shares of Enhabit in a report on Monday, February 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. Finally, Citigroup reiterated a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.57.

Enhabit Stock Performance

EHAB traded up $0.01 during midday trading on Friday, hitting $13.61. 1,384,313 shares of the company traded hands, compared to its average volume of 2,706,902. The company’s 50-day moving average is $11.57 and its 200 day moving average is $9.57. 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 capitalization of $690.54 million, a PE ratio of -151.27 and a beta of 1.56. Enhabit has a 52 week low of $6.47 and a 52 week high of $13.68.

Enhabit (NYSE:EHAB) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Enhabit had a negative net margin of 0.43% and a positive return on equity of 4.71%. The firm had revenue of $270.40 million during the quarter, compared to analyst estimates of $270.56 million. On average, research analysts expect that Enhabit will post 0.22 EPS for the current year.

Insider Buying and Selling at Enhabit

In other news, EVP Julie Diane Jolley sold 2,793 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $13.63, for a total transaction of $38,068.59. Following the completion of the transaction, the executive vice president directly owned 139,923 shares in the company, valued at $1,907,150.49. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Enhabit

A number of hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in shares of Enhabit by 337.5% during the 2nd 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. State of Alaska Department of Revenue bought a new stake in shares of Enhabit in the third quarter worth $27,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 acquiring an additional 2,059 shares during the period. Russell Investments Group Ltd. increased its position in Enhabit by 523.1% during the second quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company’s stock valued at $56,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Simplex Trading LLC lifted its holdings in Enhabit by 69.8% in the fourth 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 period.

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.