AdaptHealth Corp. (NASDAQ:AHCO) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in AdaptHealth Corp. (NASDAQ:AHCO) by 134.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,225 shares of the company’s stock after acquiring an additional 25,909 shares during the period. Teacher Retirement System of Texas’ holdings in AdaptHealth were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Assetmark Inc. purchased a new position in AdaptHealth during the fourth quarter worth approximately $28,000. Blue Trust Inc. increased its stake in shares of AdaptHealth by 24.1% in the 4th quarter. Blue Trust Inc. now owns 5,746 shares of the company’s stock worth $55,000 after acquiring an additional 1,115 shares during the last quarter. Quarry LP raised its holdings in shares of AdaptHealth by 4,596.9% during the 3rd quarter. Quarry LP now owns 5,965 shares of the company’s stock worth $67,000 after acquiring an additional 5,838 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of AdaptHealth by 15.4% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,663 shares of the company’s stock valued at $121,000 after purchasing an additional 1,690 shares during the period. Finally, LRI Investments LLC grew its holdings in shares of AdaptHealth by 32.0% in the third quarter. LRI Investments LLC now owns 15,331 shares of the company’s stock valued at $172,000 after purchasing an additional 3,713 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on AHCO shares. Robert W. Baird boosted their target price on shares of AdaptHealth from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Truist Financial increased their price objective on AdaptHealth from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lifted their target price on AdaptHealth from $11.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on AdaptHealth from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, UBS Group cut their price objective on AdaptHealth from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $13.80.

AdaptHealth Trading Up 1.9 %

AHCO opened at $10.84 on Tuesday. AdaptHealth Corp. has a 52 week low of $8.35 and a 52 week high of $11.90. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $10.03 and a 200-day simple moving average of $10.16. The firm has a market cap of $1.46 billion, a P/E ratio of -6.57, a P/E/G ratio of 1.08 and a beta of 1.30.

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.