PNC Financial Services Group Inc. Acquires 1,875 Shares of Enhabit, Inc. (NYSE:EHAB)

PNC Financial Services Group Inc. raised its holdings in shares of Enhabit, Inc. (NYSE:EHAB) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,058 shares of the company’s stock after purchasing an additional 1,875 shares during the period. PNC Financial Services Group Inc.’s holdings in Enhabit were worth $166,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EHAB. JANA Partners Management LP purchased a new position in Enhabit during the third quarter valued at $20,532,000. Schroder Investment Management Group boosted its stake in Enhabit by 0.8% in the 3rd quarter. Schroder Investment Management Group now owns 1,685,885 shares of the company’s stock worth $18,966,000 after purchasing an additional 13,387 shares in the last quarter. UBS Group AG grew its position in Enhabit by 2.0% during the 4th quarter. UBS Group AG now owns 1,666,362 shares of the company’s stock valued at $17,247,000 after purchasing an additional 32,611 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Enhabit by 25.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 966,515 shares of the company’s stock valued at $10,003,000 after purchasing an additional 193,675 shares in the last quarter. Finally, Orchard Capital Management LLC raised its holdings in Enhabit by 5.6% in the fourth quarter. Orchard Capital Management LLC now owns 600,350 shares of the company’s stock worth $6,214,000 after buying an additional 31,929 shares during the last quarter.

Wall Street Analysts Forecast Growth

EHAB has been the topic of a number of recent analyst reports. Leerink Partnrs upgraded shares of Enhabit from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 14th. Jefferies Financial Group lowered Enhabit from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $8.75 in a report on Thursday, May 9th. SVB Leerink raised Enhabit from an “underperform” rating to a “market perform” rating and set a $8.50 price target on the stock in a report on Tuesday, May 14th. Oppenheimer reiterated a “market perform” rating on shares of Enhabit in a report on Thursday, March 7th. Finally, Bank of America lowered their target price on shares of Enhabit from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.79.

Enhabit Stock Performance

Enhabit stock opened at $8.76 on Thursday. Enhabit, Inc. has a 52-week low of $7.12 and a 52-week high of $14.59. The company has a market cap of $439.40 million, a P/E ratio of -5.28, a P/E/G ratio of 1.43 and a beta of 1.86. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $9.83.

Enhabit (NYSE:EHAB) last announced its earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Enhabit had a negative net margin of 7.95% and a positive return on equity of 1.43%. The company had revenue of $262.40 million during the quarter, compared to analyst estimates of $268.25 million. Analysts predict that Enhabit, Inc. will post 0.24 EPS for the current year.

Insider Transactions at Enhabit

In related news, Director Jeffrey Bolton purchased 10,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $8.33 per share, with a total value of $83,300.00. Following the completion of the acquisition, the director now owns 52,299 shares of the company’s stock, valued at approximately $435,650.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 22,000 shares of company stock worth $183,700 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Enhabit Company Profile

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.