13,690 Shares in Quipt Home Medical Corp. (NASDAQ:QIPT) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,690 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors have also recently made changes to their positions in QIPT. Raymond James Financial Services Advisors Inc. grew its position in Quipt Home Medical by 13.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,100 shares of the company’s stock valued at $145,000 after buying an additional 4,050 shares during the period. Acadian Asset Management LLC grew its position in Quipt Home Medical by 1,709,900.0% during the first quarter. Acadian Asset Management LLC now owns 17,100 shares of the company’s stock valued at $75,000 after buying an additional 17,099 shares during the period. First Manhattan Co. grew its position in Quipt Home Medical by 56.9% during the first quarter. First Manhattan Co. now owns 951,250 shares of the company’s stock valued at $4,175,000 after buying an additional 345,000 shares during the period. Royal Bank of Canada grew its position in Quipt Home Medical by 24.6% during the first quarter. Royal Bank of Canada now owns 12,327 shares of the company’s stock valued at $54,000 after buying an additional 2,437 shares during the period. Finally, Bank of America Corp DE grew its position in Quipt Home Medical by 59.8% during the first quarter. Bank of America Corp DE now owns 29,641 shares of the company’s stock valued at $130,000 after buying an additional 11,096 shares during the period. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James lowered shares of Quipt Home Medical from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research report on Friday, February 16th.

Quipt Home Medical Stock Down 0.6 %

Shares of NASDAQ QIPT opened at $3.46 on Friday. The firm has a market cap of $147.29 million, a price-to-earnings ratio of -38.44 and a beta of 0.60. The company’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $4.58. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 0.67. Quipt Home Medical Corp. has a 52-week low of $3.42 and a 52-week high of $6.63.

Quipt Home Medical (NASDAQ:QIPT) last released its earnings results on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $65.36 million during the quarter, compared to analysts’ expectations of $63.43 million. Quipt Home Medical had a negative net margin of 1.50% and a negative return on equity of 3.57%. Equities analysts predict that Quipt Home Medical Corp. will post 0.04 EPS for the current fiscal year.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.