44,139 Shares in AdaptHealth Corp. (NASDAQ:AHCO) Acquired by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in AdaptHealth Corp. (NASDAQ:AHCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 44,139 shares of the company's stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AHCO. Y Intercept Hong Kong Ltd bought a new stake in AdaptHealth in the 1st quarter worth about $114,000. Allianz Asset Management GmbH grew its position in AdaptHealth by 34.4% in the 1st quarter. Allianz Asset Management GmbH now owns 73,500 shares of the company's stock worth $797,000 after purchasing an additional 18,800 shares in the last quarter. Foundry Partners LLC grew its position in AdaptHealth by 1.4% in the 1st quarter. Foundry Partners LLC now owns 815,036 shares of the company's stock worth $8,835,000 after purchasing an additional 11,025 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in AdaptHealth in the 1st quarter worth about $1,466,000. Finally, Bailard Inc. bought a new stake in AdaptHealth in the 1st quarter worth about $322,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of AdaptHealth from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, May 12th. 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 research report on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AdaptHealth has a consensus rating of "Buy" and an average price target of $13.40.

AdaptHealth Stock Performance

AHCO traded up $0.22 on Friday, hitting $9.44. The company's stock had a trading volume of 699,762 shares, compared to its average volume of 1,337,727. The company's 50 day simple moving average is $9.03 and its 200-day simple moving average is $9.38. The firm has a market cap of $1.27 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 0.91 and a beta of 1.63. AdaptHealth Corp. has a 12 month low of $7.11 and a 12 month high of $11.73. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.25.

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.