AdaptHealth Corp. (NASDAQ: AHCO) is 1.84% higher on its value in year-to-date trading and has touched a low of $10.29 and a high of $39.76 in the current 52-week trading range. The AHCO stock was last observed hovering at around $33.89 in the last trading session, with the day’s gains setting it 4.36% off its average median price target of $42.00 for the next 12 months. It is also 23.5% off the consensus price target high of $50.00 offered by 6 analysts, but current levels are 1.92% higher than the price target low of $39.00 for the same period.
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Currently trading at $38.25, the stock is 3.85% and 17.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.22 million and changing 12.87% at the moment leaves the stock 68.21% off its SMA200. AHCO registered 237.90% gain for a year compared to 6-month gain of 92.31%. The firm has a 50-day simple moving average (SMA 50) of $34.61 and a 200-day simple moving average (SMA200) of $25.70.
The stock witnessed a 9.47% loss in the last 1 month and extending the period to 3 months gives it a 55.61%, and is 3.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.96% over the week and 6.12% over the month.
AdaptHealth Corp. (AHCO) has around 3060 employees, a market worth around $3.46B and $994.00M in sales. Fwd P/E is 26.79. Distance from 52-week low is 271.72% and -3.81% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).
AdaptHealth Corp. (AHCO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for AdaptHealth Corp. (AHCO) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.30, where 0 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
AdaptHealth Corp. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $321.19M over the same period.The EPS is expected to grow by 130.30% this year, but quarterly earnings will post 94.30% year-over-year. Quarterly sales are estimated to grow 114.80% in year-over-year returns.
AdaptHealth Corp. (AHCO) Top Institutional Holders
113 institutions hold shares in AdaptHealth Corp. (AHCO), with 19.78M shares held by insiders accounting for 30.97% while institutional investors hold 77.76% of the company’s shares. The shares outstanding are 57.37M, and float is at 34.88M with Short Float at 2.72%. Institutions hold 53.68% of the Float.
The top institutional shareholder in the company is Assured Investment Management, LLC with over 3.65 million shares valued at $79.55 million. The investor’s holdings represent 5.11% of the AHCO Shares outstanding. As of Sep 29, 2020, the second largest holder is Bank Of New York Mellon Corporation with 1.89 million shares valued at $41.33 million to account for 2.65% of the shares outstanding. The other top investors are Polar Capital LLP which holds 1.73 million shares representing 2.43% and valued at over $37.82 million, while Deerfield Management Company, L.P. (Series C) holds 2.40% of the shares totaling 1.71 million with a market value of $37.31 million.
AdaptHealth Corp. (AHCO) Insider Activity
A total of 18 insider transactions have happened at AdaptHealth Corp. (AHCO) in the last six months, with sales accounting for 6 and purchases happening 12 times. The most recent transaction is an insider sale by Assured Investment Management , the company’s Director. SEC filings show that Assured Investment Management sold 16,967 shares of the company’s common stock on Dec 11 at a price of $37.23 per share for a total of $0.63 million. Following the sale, the insider now owns 1.9 million shares.
AdaptHealth Corp. disclosed in a document filed with the SEC on Dec 07 that Rietkerk Shaw (Chief Operating Officer) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Dec 07 and was made at $34.91 per share for $0.42 million. Following the transaction, the insider now directly holds 0.2 million shares of the AHCO stock.
Still, SEC filings show that on Nov 17, Assured Investment Management (Director) disposed off 1,882,000 shares at an average price of $27.95 for $52.6 million. The insider now directly holds 1,915,934 shares of AdaptHealth Corp. (AHCO).