12,700 Shares in Quipt Home Medical Corp. (NASDAQ:QIPT) Bought by Jump Financial LLC

Jump Financial LLC purchased a new stake in Quipt Home Medical Corp. (NASDAQ:QIPTFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,700 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Claret Asset Management Corp grew its holdings in shares of Quipt Home Medical by 6.2% during the 3rd quarter. Claret Asset Management Corp now owns 4,310,235 shares of the company’s stock worth $22,063,000 after purchasing an additional 253,173 shares in the last quarter. NewGen Asset Management Ltd boosted its stake in Quipt Home Medical by 2.5% during the fourth quarter. NewGen Asset Management Ltd now owns 825,700 shares of the company’s stock worth $4,203,000 after buying an additional 20,200 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Quipt Home Medical by 37.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 597,037 shares of the company’s stock valued at $3,039,000 after buying an additional 164,202 shares during the period. Perritt Capital Management Inc. raised its stake in shares of Quipt Home Medical by 1.7% in the 3rd quarter. Perritt Capital Management Inc. now owns 215,500 shares of the company’s stock valued at $1,097,000 after buying an additional 3,698 shares in the last quarter. Finally, Connors Investor Services Inc. lifted its holdings in shares of Quipt Home Medical by 32.0% during the 3rd quarter. Connors Investor Services Inc. now owns 41,208 shares of the company’s stock worth $210,000 after acquiring an additional 10,000 shares during the period. 42.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QIPT has been the subject of several recent research reports. Benchmark dropped their price target on shares of Quipt Home Medical from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Raymond James cut Quipt Home Medical from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $10.00 to $2.50 in a report on Friday, May 17th. Eight Capital raised Quipt Home Medical to a “strong-buy” rating in a research note on Friday, May 17th. Canaccord Genuity Group lowered their price target on Quipt Home Medical from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, Stifel Nicolaus cut their target price on shares of Quipt Home Medical from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.25.

View Our Latest Report on QIPT

Quipt Home Medical Trading Up 3.6 %

QIPT stock opened at $3.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. Quipt Home Medical Corp. has a twelve month low of $2.96 and a twelve month high of $6.01. The company has a market cap of $146.02 million, a P/E ratio of -34.30 and a beta of 0.68. The business has a fifty day moving average of $3.81 and a 200-day moving average of $4.36.

Quipt Home Medical Company Profile

(Free Report)

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.

Further Reading

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Institutional Ownership by Quarter for Quipt Home Medical (NASDAQ:QIPT)

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