New York State Common Retirement Fund Has $9.07 Million Position in AdaptHealth Corp. (NASDAQ:AHCO)

New York State Common Retirement Fund raised its stake in AdaptHealth Corp. (NASDAQ:AHCO - Free Report) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 836,773 shares of the company's stock after acquiring an additional 78,211 shares during the quarter. New York State Common Retirement Fund owned approximately 0.62% of AdaptHealth worth $9,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Segall Bryant & Hamill LLC boosted its position in AdaptHealth by 29.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 4,803,981 shares of the company's stock worth $45,734,000 after buying an additional 1,102,173 shares during the period. Reinhart Partners LLC. boosted its position in AdaptHealth by 15.5% during the 1st quarter. Reinhart Partners LLC. now owns 7,236,262 shares of the company's stock worth $78,441,000 after buying an additional 969,408 shares during the period. Dimensional Fund Advisors LP boosted its position in AdaptHealth by 17.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,379,715 shares of the company's stock worth $32,174,000 after buying an additional 505,180 shares during the period. Palisade Capital Management LP boosted its position in AdaptHealth by 12.3% during the 1st quarter. Palisade Capital Management LP now owns 2,711,142 shares of the company's stock worth $29,389,000 after buying an additional 297,268 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in AdaptHealth by 27.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,324,043 shares of the company's stock worth $12,605,000 after buying an additional 283,143 shares during the period. Institutional investors own 82.67% of the company's stock.

AdaptHealth Stock Up 1.7%

Shares of AdaptHealth stock traded up $0.16 during trading on Wednesday, reaching $9.64. 921,398 shares of the company traded hands, compared to its average volume of 1,338,336. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.29 and a quick ratio of 1.07. AdaptHealth Corp. has a 1-year low of $7.11 and a 1-year high of $11.90. The company has a 50 day moving average price of $9.02 and a 200-day moving average price of $9.39. The firm has a market capitalization of $1.30 billion, a PE ratio of 16.91, a P/E/G ratio of 0.91 and a beta of 1.63.

Wall Street Analysts Forecast Growth

AHCO has been the subject of several analyst reports. Truist Financial lowered their price target on shares of AdaptHealth from $14.00 to $13.00 and set a "buy" rating for the company in a report on Monday, May 12th. Royal Bank Of Canada lowered their price target on shares of AdaptHealth from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AdaptHealth currently has a consensus rating of "Buy" and an average target price of $13.40.

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.