Intech Investment Management LLC Purchases 59,767 Shares of AdaptHealth Corp. (NASDAQ:AHCO)

Intech Investment Management LLC grew its position in shares of AdaptHealth Corp. (NASDAQ:AHCO) by 100.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,417 shares of the company’s stock after buying an additional 59,767 shares during the quarter. Intech Investment Management LLC owned 0.09% of AdaptHealth worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AHCO. Pacer Advisors Inc. bought a new position in shares of AdaptHealth during the 4th quarter worth approximately $76,271,000. Principal Financial Group Inc. raised its holdings in shares of AdaptHealth by 204.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,652,765 shares of the company’s stock worth $15,735,000 after purchasing an additional 1,109,021 shares during the period. State Street Corp raised its holdings in shares of AdaptHealth by 19.8% in the 3rd quarter. State Street Corp now owns 4,124,284 shares of the company’s stock worth $46,316,000 after purchasing an additional 681,816 shares during the period. FMR LLC raised its holdings in shares of AdaptHealth by 9.3% in the 3rd quarter. FMR LLC now owns 7,350,549 shares of the company’s stock worth $82,547,000 after purchasing an additional 624,645 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of AdaptHealth by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,451,173 shares of the company’s stock worth $27,532,000 after purchasing an additional 265,712 shares during the period. Institutional investors own 82.67% of the company’s stock.

AdaptHealth Trading Down 0.2 %

Shares of AHCO stock opened at $9.99 on Friday. The company’s fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $10.19. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 1.00. AdaptHealth Corp. has a 1 year low of $8.35 and a 1 year high of $11.90. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -6.05, a PEG ratio of 1.08 and a beta of 1.30.

Analyst Upgrades and Downgrades

AHCO has been the topic of a number of research reports. UBS Group lowered their price target on shares of AdaptHealth from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of AdaptHealth from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Robert W. Baird lifted their price target on shares of AdaptHealth from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Canaccord Genuity Group lifted their price target on shares of AdaptHealth from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Truist Financial boosted their target price on shares of AdaptHealth from $12.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.80.

AdaptHealth Company 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.