Insider Selling: AdaptHealth Corp. (NASDAQ:AHCO) Major Shareholder Sells 4,789 Shares of Stock

AdaptHealth Corp. (NASDAQ:AHCOGet Rating) major shareholder Everest Hill Group Inc. sold 4,789 shares of AdaptHealth stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $22.00, for a total transaction of $105,358.00. Following the completion of the sale, the insider now owns 13,445,008 shares in the company, valued at $295,790,176. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Everest Hill Group Inc. also recently made the following trade(s):

  • On Thursday, January 12th, Everest Hill Group Inc. sold 340,000 shares of AdaptHealth stock. The shares were sold at an average price of $20.00, for a total transaction of $6,800,000.00.
  • On Tuesday, January 10th, Everest Hill Group Inc. sold 200,000 shares of AdaptHealth stock. The shares were sold at an average price of $20.00, for a total transaction of $4,000,000.00.
  • On Friday, November 11th, Everest Hill Group Inc. sold 23,583 shares of AdaptHealth stock. The shares were sold at an average price of $23.00, for a total transaction of $542,409.00.
  • On Tuesday, November 1st, Everest Hill Group Inc. sold 45,999 shares of AdaptHealth stock. The shares were sold at an average price of $23.00, for a total transaction of $1,057,977.00.
  • On Friday, October 28th, Everest Hill Group Inc. sold 10,437 shares of AdaptHealth stock. The stock was sold at an average price of $23.00, for a total transaction of $240,051.00.
  • On Wednesday, October 26th, Everest Hill Group Inc. sold 165,968 shares of AdaptHealth stock. The stock was sold at an average price of $22.00, for a total transaction of $3,651,296.00.
  • On Monday, October 24th, Everest Hill Group Inc. sold 14,605 shares of AdaptHealth stock. The shares were sold at an average price of $22.00, for a total transaction of $321,310.00.

AdaptHealth Price Performance

Shares of AdaptHealth stock opened at $21.03 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.35 and a quick ratio of 1.08. AdaptHealth Corp. has a fifty-two week low of $11.40 and a fifty-two week high of $27.48. The firm has a fifty day moving average price of $20.78 and a two-hundred day moving average price of $20.84. The company has a market cap of $2.83 billion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.64.

AdaptHealth (NASDAQ:AHCOGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). AdaptHealth had a net margin of 3.28% and a return on equity of 4.38%. The business had revenue of $756.50 million during the quarter, compared to analyst estimates of $738.58 million. Analysts expect that AdaptHealth Corp. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AHCO. SVB Leerink upped their price objective on shares of AdaptHealth from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, November 10th. Canaccord Genuity Group upped their price objective on shares of AdaptHealth from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $27.67.

Hedge Funds Weigh In On AdaptHealth

A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in shares of AdaptHealth by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,364 shares of the company’s stock valued at $532,000 after buying an additional 491 shares in the last quarter. Arizona State Retirement System increased its position in shares of AdaptHealth by 2.9% during the 3rd quarter. Arizona State Retirement System now owns 18,246 shares of the company’s stock worth $343,000 after purchasing an additional 508 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of AdaptHealth by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 40,066 shares of the company’s stock worth $770,000 after purchasing an additional 530 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of AdaptHealth by 3.8% during the 2nd quarter. First Republic Investment Management Inc. now owns 24,990 shares of the company’s stock worth $451,000 after purchasing an additional 924 shares in the last quarter. Finally, Boston Partners increased its position in shares of AdaptHealth by 2.0% during the 3rd quarter. Boston Partners now owns 52,037 shares of the company’s stock worth $977,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.

AdaptHealth Company Profile

(Get Rating)

AdaptHealth Corp., together with its subsidiaries, provides home medical equipment (HME), medical supplies, and home and related services in the United States. The company provides sleep therapy equipment, supplies, and related services, such as CPAP and bi-PAP services to individuals suffering from obstructive sleep apnea; medical devices and supplies, including continuous glucose monitors and insulin pumps to patients for the treatment of diabetes; HME to patients discharged from acute care and other facilities; oxygen and related chronic therapy services in the home; and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy, and nutritional supply needs.

Featured Articles

Insider Buying and Selling by Quarter for AdaptHealth (NASDAQ:AHCO)

Receive News & Ratings for AdaptHealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdaptHealth and related companies with MarketBeat.com's FREE daily email newsletter.