Bridgeway Capital Management LLC Grows Stock Position in AdaptHealth Corp. (NASDAQ:AHCO)

Bridgeway Capital Management LLC boosted its stake in shares of AdaptHealth Corp. (NASDAQ:AHCO - Free Report) by 27.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,324,043 shares of the company's stock after buying an additional 283,143 shares during the period. Bridgeway Capital Management LLC owned approximately 0.98% of AdaptHealth worth $12,605,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AHCO. Assetmark Inc. purchased a new stake in shares of AdaptHealth in the fourth quarter worth approximately $28,000. Blue Trust Inc. raised its holdings in shares of AdaptHealth by 24.1% in the 4th quarter. Blue Trust Inc. now owns 5,746 shares of the company's stock valued at $55,000 after purchasing an additional 1,115 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of 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 worth $121,000 after purchasing an additional 1,690 shares during the period. Guggenheim Capital LLC increased its holdings in AdaptHealth by 10.1% during the fourth quarter. Guggenheim Capital LLC now owns 16,613 shares of the company's stock valued at $158,000 after buying an additional 1,525 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in AdaptHealth in the fourth quarter worth approximately $169,000. 82.67% of the stock is currently owned by institutional investors.

AdaptHealth Stock Performance

NASDAQ AHCO traded up $0.15 on Thursday, hitting $8.38. 2,039,767 shares of the company's stock traded hands, compared to its average volume of 1,277,777. The firm has a market capitalization of $1.13 billion, a PE ratio of -5.08, a P/E/G ratio of 1.08 and a beta of 1.64. AdaptHealth Corp. has a 1-year low of $7.11 and a 1-year high of $11.90. The firm's 50-day moving average price is $9.32 and its two-hundred day moving average price is $9.76. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 1.34.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on AdaptHealth from $13.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on shares of AdaptHealth from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday. UBS Group decreased their price target on shares of AdaptHealth from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Robert W. Baird boosted their price objective on shares of AdaptHealth from $14.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Truist Financial raised their target price on shares of AdaptHealth from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AdaptHealth has a consensus rating of "Buy" and a consensus price target of $13.60.

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.