Allspring Global Investments Holdings LLC Has $71,000 Stock Holdings in Quipt Home Medical Corp. (NASDAQ:QIPT)

Allspring Global Investments Holdings LLC lowered its stake in shares of Quipt Home Medical Corp. (NASDAQ:QIPT) by 91.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,873 shares of the company’s stock after selling 147,846 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Quipt Home Medical were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its stake in Quipt Home Medical by 112.9% during the 3rd quarter. Barclays PLC now owns 29,665 shares of the company’s stock worth $152,000 after buying an additional 15,728 shares during the period. Hsbc Holdings PLC raised its position in shares of Quipt Home Medical by 83.5% during the third quarter. Hsbc Holdings PLC now owns 32,698 shares of the company’s stock worth $166,000 after purchasing an additional 14,875 shares during the period. SG Americas Securities LLC bought a new position in shares of Quipt Home Medical in the 4th quarter worth $70,000. First Eagle Investment Management LLC grew its position in Quipt Home Medical by 37.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 597,037 shares of the company’s stock valued at $3,039,000 after purchasing an additional 164,202 shares during the period. Finally, Perritt Capital Management Inc. increased its stake in Quipt Home Medical by 1.7% during the 3rd quarter. Perritt Capital Management Inc. now owns 215,500 shares of the company’s stock valued at $1,097,000 after purchasing an additional 3,698 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Quipt Home Medical Trading Down 1.1 %

Shares of Quipt Home Medical stock opened at $3.62 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $4.10 and a 200 day simple moving average of $4.53. Quipt Home Medical Corp. has a 12-month low of $3.42 and a 12-month high of $6.63. The company has a market capitalization of $154.10 million, a P/E ratio of -40.22 and a beta of 0.60.

Quipt Home Medical (NASDAQ:QIPT) last announced its earnings results on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Quipt Home Medical had a negative net margin of 1.50% and a negative return on equity of 3.57%. The company had revenue of $65.36 million during the quarter, compared to the consensus estimate of $63.43 million. On average, sell-side analysts anticipate that Quipt Home Medical Corp. will post 0.04 earnings per share 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.