Teacher Retirement System of Texas Sells 1,571 Shares of AdaptHealth Corp. (NASDAQ:AHCO)

Teacher Retirement System of Texas lowered its holdings in shares of AdaptHealth Corp. (NASDAQ:AHCO) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,654 shares of the company’s stock after selling 1,571 shares during the period. Teacher Retirement System of Texas’ holdings in AdaptHealth were worth $473,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AHCO. GAMMA Investing LLC raised its position in AdaptHealth by 175.2% during the 1st quarter. GAMMA Investing LLC now owns 7,473 shares of the company’s stock valued at $81,000 after purchasing an additional 4,758 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of AdaptHealth by 10.1% in the 4th quarter. Guggenheim Capital LLC now owns 16,613 shares of the company’s stock valued at $158,000 after purchasing an additional 1,525 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of AdaptHealth during the fourth quarter valued at approximately $169,000. Humankind Investments LLC boosted its position in shares of AdaptHealth by 18.3% during the fourth quarter. Humankind Investments LLC now owns 17,979 shares of the company’s stock valued at $171,000 after purchasing an additional 2,776 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in AdaptHealth in the fourth quarter worth $181,000. Institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AHCO. Royal Bank Of Canada dropped their target price on shares of AdaptHealth from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Truist Financial dropped their price objective on shares of AdaptHealth from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $13.40.

AdaptHealth Price Performance

Shares of NASDAQ:AHCO opened at $9.13 on Thursday. The business has a fifty day moving average price of $8.96 and a 200-day moving average price of $9.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.29 and a quick ratio of 1.07. The company has a market capitalization of $1.23 billion, a PE ratio of 16.02, a PEG ratio of 1.03 and a beta of 1.63. 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.