Stratos Wealth Partners LTD. Decreases Position in AdaptHealth Corp. (NASDAQ:AHCO)

Stratos Wealth Partners LTD. lessened its holdings in AdaptHealth Corp. (NASDAQ:AHCO) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,290 shares of the company’s stock after selling 1,270 shares during the period. Stratos Wealth Partners LTD.’s holdings in AdaptHealth were worth $122,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of AdaptHealth by 54.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,919 shares of the company’s stock worth $769,000 after buying an additional 24,942 shares during the last quarter. Palisade Capital Management LP lifted its holdings in AdaptHealth by 12.3% during the 1st quarter. Palisade Capital Management LP now owns 2,711,142 shares of the company’s stock worth $29,389,000 after buying an additional 297,268 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of AdaptHealth by 3.3% during the 1st quarter. New York State Teachers Retirement System now owns 80,455 shares of the company’s stock valued at $872,000 after buying an additional 2,600 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of AdaptHealth by 9.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 63,728 shares of the company’s stock worth $691,000 after purchasing an additional 5,313 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of AdaptHealth by 6.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 32,797 shares of the company’s stock valued at $356,000 after purchasing an additional 2,081 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

AdaptHealth Stock Up 0.8%

Shares of NASDAQ:AHCO opened at $9.20 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.25. The firm has a market cap of $1.24 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.06 and a beta of 1.63. The company’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $9.40. AdaptHealth Corp. has a 12 month low of $7.11 and a 12 month high of $11.90.

Analyst Upgrades and Downgrades

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

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.