Insider Selling: AdaptHealth Corp. (NASDAQ:AHCO) Major Shareholder Sells $105,358.00 in Stock


AdaptHealth Corp. (NASDAQ:AHCOGet Rating) major shareholder Everest Hill Group Inc. sold 4,789 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $22.00, for a total value of $105,358.00. Following the sale, the insider now owns 13,445,008 shares in the company, valued at $295,790,176. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Everest Hill Group Inc. also recently made the following trade(s):

  • On Thursday, January 12th, Everest Hill Group Inc. sold 340,000 shares of AdaptHealth stock. The stock was sold at an average price of $20.00, for a total value of $6,800,000.00.
  • On Tuesday, January 10th, Everest Hill Group Inc. sold 200,000 shares of AdaptHealth stock. The stock was sold at an average price of $20.00, for a total transaction of $4,000,000.00.
  • On Friday, November 11th, Everest Hill Group Inc. sold 23,583 shares of AdaptHealth stock. The shares were sold at an average price of $23.00, for a total transaction of $542,409.00.
  • On Tuesday, November 1st, Everest Hill Group Inc. sold 45,999 shares of AdaptHealth stock. The shares were sold at an average price of $23.00, for a total value of $1,057,977.00.
  • On Friday, October 28th, Everest Hill Group Inc. sold 10,437 shares of AdaptHealth stock. The shares were sold at an average price of $23.00, for a total transaction of $240,051.00.
  • On Wednesday, October 26th, Everest Hill Group Inc. sold 165,968 shares of AdaptHealth stock. The shares were sold at an average price of $22.00, for a total transaction of $3,651,296.00.
  • On Monday, October 24th, Everest Hill Group Inc. sold 14,605 shares of AdaptHealth stock. The stock was sold at an average price of $22.00, for a total transaction of $321,310.00.

AdaptHealth Stock Down 2.8 %

Shares of NASDAQ AHCO opened at $21.03 on Monday. AdaptHealth Corp. has a 1 year low of $11.40 and a 1 year high of $27.48. The firm’s 50 day moving average price is $20.78 and its 200 day moving average price is $20.84. The firm has a market cap of $2.83 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 0.45 and a beta of 0.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.08 and a current ratio of 1.35.

AdaptHealth (NASDAQ:AHCOGet Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). AdaptHealth had a return on equity of 4.38% and a net margin of 3.28%. The firm had revenue of $756.50 million for the quarter, compared to analyst estimates of $738.58 million. As a group, sell-side analysts anticipate that AdaptHealth Corp. will post 0.87 earnings per share for the current year.

Institutional Trading of AdaptHealth

A number of hedge funds have recently bought and sold shares of the company. LGT Capital Partners LTD. raised its stake in AdaptHealth by 115.0% during the fourth quarter. LGT Capital Partners LTD. now owns 430,000 shares of the company’s stock worth $8,265,000 after purchasing an additional 230,000 shares during the period. SummerHaven Investment Management LLC raised its stake in AdaptHealth by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 40,066 shares of the company’s stock worth $770,000 after purchasing an additional 530 shares during the period. Versant Capital Management Inc purchased a new position in AdaptHealth during the third quarter worth approximately $26,000. Bank of New York Mellon Corp raised its stake in AdaptHealth by 144.6% during the third quarter. Bank of New York Mellon Corp now owns 698,714 shares of the company’s stock worth $13,123,000 after purchasing an additional 413,014 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in AdaptHealth during the third quarter worth approximately $478,000. Institutional investors and hedge funds own 86.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their target price on shares of AdaptHealth from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 9th. SVB Leerink increased their price target on shares of AdaptHealth from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $27.67.

About AdaptHealth

(Get Rating)

AdaptHealth Corp., together with its subsidiaries, provides 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 to patients 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.

Further Reading

Insider Buying and Selling by Quarter for AdaptHealth (NASDAQ:AHCO)



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