XTX Topco Ltd Makes New $468,000 Investment in AdaptHealth Corp. (NASDAQ:AHCO)

Key Points

• XTX Topco Ltd recently purchased 43,160 shares of AdaptHealth Corp., valued at approximately $468,000, during the first quarter.
• Institutional investors hold 82.67% of AdaptHealth's stock, with several firms significantly increasing their positions in the company.
• Brokerages have lowered their price objective for AdaptHealth from $14.00 to $13.00, but five analysts still rate the stock as a "Buy."

XTX Topco Ltd purchased a new stake in shares of AdaptHealth Corp. (NASDAQ:AHCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,160 shares of the company's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AHCO. Raymond James Financial Inc. bought a new stake in shares of AdaptHealth during the fourth quarter valued at approximately $197,000. Geode Capital Management LLC raised its stake in shares of AdaptHealth by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,467,769 shares of the company's stock valued at $23,499,000 after acquiring an additional 16,596 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of AdaptHealth by 36.1% during the fourth quarter. Wells Fargo & Company MN now owns 54,546 shares of the company's stock valued at $519,000 after acquiring an additional 14,460 shares in the last quarter. Bank of Montreal Can raised its stake in shares of AdaptHealth by 13.1% during the fourth quarter. Bank of Montreal Can now owns 28,558 shares of the company's stock valued at $272,000 after acquiring an additional 3,299 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of AdaptHealth by 12.2% during the fourth quarter. Invesco Ltd. now owns 1,433,172 shares of the company's stock valued at $13,644,000 after acquiring an additional 155,838 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

AdaptHealth Stock Up 2.1%

AHCO stock traded up $0.20 during trading on Tuesday, hitting $9.53. 188,406 shares of the company's stock traded hands, compared to its average volume of 1,449,206. The firm has a market capitalization of $1.29 billion, a P/E ratio of 17.65, a PEG ratio of 0.89 and a beta of 1.58. The business has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $9.30. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 1.14. AdaptHealth Corp. has a 1 year low of $7.11 and a 1 year high of $11.70.

Analyst Ratings Changes

Several brokerages recently issued reports on AHCO. Royal Bank Of Canada cut their price objective on shares of AdaptHealth from $14.00 to $13.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Truist Financial cut their price objective on shares of AdaptHealth from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of AdaptHealth from a "hold" rating to a "buy" rating in a report on Saturday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AdaptHealth has an average rating of "Buy" and a consensus price target of $13.40.

AdaptHealth Company 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.