AdaptHealth Corp. (NASDAQ:AHCO) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in AdaptHealth Corp. (NASDAQ:AHCO - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,108 shares of the company's stock after purchasing an additional 69,050 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of AdaptHealth worth $3,009,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in AdaptHealth in the fourth quarter valued at $28,000. Blue Trust Inc. grew its holdings in shares of AdaptHealth by 24.1% during the fourth quarter. Blue Trust Inc. now owns 5,746 shares of the company's stock worth $55,000 after buying an additional 1,115 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of AdaptHealth by 10.1% during the fourth quarter. Guggenheim Capital LLC now owns 16,613 shares of the company's stock worth $158,000 after buying an additional 1,525 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in AdaptHealth in the 4th quarter valued at about $169,000. Finally, Humankind Investments LLC raised its stake in AdaptHealth by 18.3% during the 4th quarter. Humankind Investments LLC now owns 17,979 shares of the company's stock valued at $171,000 after acquiring an additional 2,776 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird lifted their target price on AdaptHealth from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Truist Financial decreased their price target on AdaptHealth from $14.00 to $13.00 and set a "buy" rating for the company in a report on Monday, May 12th. UBS Group lowered their price objective on shares of AdaptHealth from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada cut their price objective on shares of AdaptHealth from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group raised their target price on shares of AdaptHealth from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $13.40.

AdaptHealth Stock Performance

Shares of AHCO stock traded down $0.12 during trading hours on Friday, reaching $8.90. 693,674 shares of the company's stock were exchanged, compared to its average volume of 1,284,732. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 1.00. The company's 50 day moving average is $8.79 and its two-hundred day moving average is $9.56. The company has a market cap of $1.20 billion, a P/E ratio of -5.39, a price-to-earnings-growth 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.

About AdaptHealth

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.