Empowered Funds LLC Increases Stock Holdings in AdaptHealth Corp. (NASDAQ:AHCO)

Empowered Funds LLC boosted its stake in AdaptHealth Corp. (NASDAQ:AHCO) by 25.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 713,643 shares of the company’s stock after buying an additional 142,743 shares during the quarter. Empowered Funds LLC’s holdings in AdaptHealth were worth $6,794,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AHCO. Pacer Advisors Inc. bought a new stake in shares of AdaptHealth in the 4th quarter worth $76,271,000. Blue Trust Inc. grew its position in AdaptHealth by 24.1% in the 4th quarter. Blue Trust Inc. now owns 5,746 shares of the company’s stock worth $55,000 after purchasing an additional 1,115 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in AdaptHealth by 15.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,663 shares of the company’s stock valued at $121,000 after buying an additional 1,690 shares during the last quarter. Moody National Bank Trust Division increased its stake in AdaptHealth by 31.5% in the 4th quarter. Moody National Bank Trust Division now owns 151,170 shares of the company’s stock valued at $1,439,000 after buying an additional 36,212 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of AdaptHealth by 1.1% during the 4th quarter. Reinhart Partners LLC. now owns 6,266,854 shares of the company’s stock worth $59,660,000 after buying an additional 68,212 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AHCO. Robert W. Baird decreased their target price on AdaptHealth from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Truist Financial lowered their price objective on shares of AdaptHealth from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Canaccord Genuity Group reduced their target price on shares of AdaptHealth from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group lowered their price target on shares of AdaptHealth from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada reduced their price objective on AdaptHealth from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $12.40.

AdaptHealth Stock Down 1.9 %

Shares of NASDAQ:AHCO opened at $9.15 on Tuesday. The firm has a fifty day moving average of $10.01 and a 200 day moving average of $10.33. AdaptHealth Corp. has a 52-week low of $7.01 and a 52-week high of $11.90. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.00 and a current ratio of 1.24. The firm has a market capitalization of $1.23 billion, a PE ratio of -5.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12.

AdaptHealth Profile

AdaptHealth Corp., together with its subsidiaries, sells 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 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.