Commonwealth Equity Services LLC Raises Holdings in AdaptHealth Corp. (NASDAQ:AHCO)

Commonwealth Equity Services LLC raised its holdings in shares of AdaptHealth Corp. (NASDAQ:AHCO – Get Rating) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,028 shares of the company’s stock after purchasing an additional 3,664 shares during the period. Commonwealth Equity Services LLC’s holdings in AdaptHealth were worth $615,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in AdaptHealth by 122.7% during the 3rd quarter. BlackRock Inc. now owns 11,922,007 shares of the company’s stock valued at $223,897,000 after purchasing an additional 6,568,394 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of AdaptHealth by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,795,250 shares of the company’s stock valued at $146,396,000 after buying an additional 1,053,942 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of AdaptHealth by 2.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,977,755 shares of the company’s stock valued at $57,232,000 after buying an additional 59,972 shares during the period. State Street Corp lifted its holdings in shares of AdaptHealth by 70.2% during the 3rd quarter. State Street Corp now owns 2,738,342 shares of the company’s stock valued at $51,426,000 after buying an additional 1,129,895 shares during the period. Finally, Palisade Capital Management LLC NJ lifted its holdings in shares of AdaptHealth by 9.0% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 1,232,999 shares of the company’s stock valued at $23,156,000 after buying an additional 101,571 shares during the period. 86.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AHCO shares. SVB Securities lowered their price target on AdaptHealth from $30.00 to $23.00 in a report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft cut AdaptHealth from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $11.30 in a report on Wednesday, May 10th. TheStreet cut AdaptHealth from a “c-” rating to a “d+” rating in a report on Thursday, April 6th. Truist Financial decreased their target price on AdaptHealth from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, April 13th. Finally, Robert W. Baird decreased their target price on AdaptHealth from $23.00 to $20.00 in a report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.92.

AdaptHealth Trading Down 3.4 %

Shares of AdaptHealth stock opened at $10.57 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 88.08, a PEG ratio of 0.84 and a beta of 0.66. The business has a 50-day moving average price of $12.01 and a 200-day moving average price of $17.32. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 1.00. AdaptHealth Corp. has a twelve month low of $10.00 and a twelve month high of $27.48.

AdaptHealth (NASDAQ:AHCO – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.30). The company had revenue of $780.28 million during the quarter, compared to analysts’ expectations of $787.96 million. AdaptHealth had a return on equity of 3.17% and a net margin of 1.44%. Equities research analysts anticipate that AdaptHealth Corp. will post 0.68 EPS for the current fiscal year.

AdaptHealth Profile

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AdaptHealth Corp. engages in the provision of home healthcare equipment, supplies and related services. It focuses on sleep therapy equipment to individuals suffering from obstructive sleep apnea (OSA), home medical equipment to patients discharged from acute care and other facilities, oxygen and related chronic therapy services in the home, and HME medical devices and supplies on behalf of chronically ill patients with diabetes care, wound care, urological, ostomy, and nutritional supply needs.