A peek at AdaptHealth Corp (AHCO): Who has invested in It?

AdaptHealth Corp (NASDAQ: AHCO) is -2.47% lower on its value in year-to-date trading and has touched a low of $6.37 and a high of $22.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AHCO stock was last observed hovering at around $7.00 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $7.11, the stock is 0.75% and -5.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 1.57% at the moment leaves the stock -27.37% off its SMA200. AHCO registered -65.57% loss for a year compared to 6-month loss of -51.86%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $45.21.

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The stock witnessed a 4.25% gain in the last 1 month and extending the period to 3 months gives it a -7.54%, and is -2.87% down 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 6.25% over the week and 5.77% over the month.

AdaptHealth Corp (AHCO) has around 10900 employees, a market worth around $969.73M and $3.12B in sales. Fwd P/E is 9.67. Profit margin for the company is -13.76%. Distance from 52-week low is 11.62% and -69.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.84%).

AdaptHealth Corp quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $825.44M over the same period.The EPS is expected to grow by 12.69% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.

270 institutions hold shares in AdaptHealth Corp (AHCO), with institutional investors hold 104.77% of the company’s shares. The shares outstanding are 134.44M, and float is at 73.98M with Short Float at 13.36%. Institutions hold 87.33% of the Float.

The top institutional shareholder in the company is OEP Capital Advisors, LP with over 13.82 million shares valued at $168.17 million. The investor’s holdings represent 10.15% of the AHCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.6 million shares valued at $141.17 million to account for 8.52% of the shares outstanding. The other top investors are Deerfield Management Company, L.P. (Series C) which holds 11.09 million shares representing 8.15% and valued at over $135.03 million, while Skyknight Capital, L.p. holds 6.54% of the shares totaling 8.91 million with a market value of $108.39 million.

AdaptHealth Corp (AHCO) Insider Activity

A total of 15 insider transactions have happened at AdaptHealth Corp (AHCO) in the last six months, with sales accounting for 11 and purchases happening 4 times. The most recent transaction is an insider sale by Williams David Solomon III, the company’s Director. SEC filings show that Williams David Solomon III sold 2,255 shares of the company’s common stock on Dec 04 at a price of $9.30 per share for a total of $20972.0. Following the sale, the insider now owns 29779.0 shares.

AdaptHealth Corp disclosed in a document filed with the SEC on Aug 11 that SkyKnight Aero Holdings, LLC (Director) sold a total of 137,787 shares of the company’s common stock. The trade occurred on Aug 11 and was made at $14.02 per share for $1.93 million. Following the transaction, the insider now directly holds 2.82 million shares of the AHCO stock.

Still, SEC filings show that on Aug 11, SkyKnight Aero Holdings, LLC (Director) disposed off 59,052 shares at an average price of $14.02 for $0.83 million. The insider now directly holds 5,565,126 shares of AdaptHealth Corp (AHCO).