Vanguard Group Inc. Has $26.02 Million Position in Enhabit, Inc. $EHAB

Key Points

• Vanguard Group Inc. increased its stake in Enhabit, Inc. by acquiring an additional 47,640 shares, bringing its total ownership to approximately 5.85% valued at $26.02 million.
• Several institutional investors have also increased their holdings in Enhabit, with GAMMA Investing LLC growing its position by 295.2% in the first quarter.
• Analysts have lowered the price target on Enhabit from $10.00 to $8.50, with a consensus average rating of "Hold" and an average target price of $8.67.

Vanguard Group Inc. boosted its stake in Enhabit, Inc. (NYSE:EHAB - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,960,343 shares of the company's stock after purchasing an additional 47,640 shares during the quarter. Vanguard Group Inc. owned about 5.85% of Enhabit worth $26,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EHAB. D. E. Shaw & Co. Inc. lifted its position in Enhabit by 33.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,004,215 shares of the company's stock worth $7,843,000 after purchasing an additional 250,215 shares during the period. Dimensional Fund Advisors LP lifted its position in Enhabit by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,941 shares of the company's stock worth $15,260,000 after purchasing an additional 213,774 shares during the period. Systematic Financial Management LP lifted its position in Enhabit by 8.6% during the fourth quarter. Systematic Financial Management LP now owns 1,996,113 shares of the company's stock worth $15,590,000 after purchasing an additional 157,914 shares during the period. Nuveen Asset Management LLC lifted its position in Enhabit by 95.5% during the fourth quarter. Nuveen Asset Management LLC now owns 265,361 shares of the company's stock worth $2,072,000 after purchasing an additional 129,610 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in Enhabit during the fourth quarter worth about $601,000.

Enhabit Price Performance

NYSE EHAB traded down $0.02 during trading on Wednesday, hitting $7.85. 353,612 shares of the company's stock were exchanged, compared to its average volume of 508,797. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.79. The company has a market cap of $397.66 million, a PE ratio of -2.94 and a beta of 1.69. Enhabit, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $10.90. The stock's 50 day moving average price is $7.48 and its two-hundred day moving average price is $8.47.

Enhabit (NYSE:EHAB - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $266.10 million during the quarter, compared to the consensus estimate of $263.39 million. Enhabit had a positive return on equity of 2.72% and a negative net margin of 12.84%. Research analysts expect that Enhabit, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group cut their price objective on shares of Enhabit from $10.00 to $8.50 and set a "neutral" rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.67.

Insider Buying and Selling

In other Enhabit news, CFO Ryan Solomon bought 10,000 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $7.64 per share, with a total value of $76,400.00. Following the completion of the purchase, the chief financial officer owned 193,468 shares in the company, valued at $1,478,095.52. The trade was a 5.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.40% of the company's stock.

About Enhabit

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.