O Shaughnessy Asset Management LLC Boosts Stock Holdings in Quipt Home Medical Corp. (NASDAQ:QIPT)

Posted by on Jun 3rd, 2023

O Shaughnessy Asset Management LLC grew its position in shares of Quipt Home Medical Corp. (NASDAQ:QIPT – Get Rating) by 67.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,062 shares of the company’s stock after acquiring an additional 15,704 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.11% of Quipt Home Medical worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Quipt Home Medical by 24.6% during the 1st quarter. Royal Bank of Canada now owns 12,327 shares of the company’s stock worth $54,000 after acquiring an additional 2,437 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Quipt Home Medical by 13.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,100 shares of the company’s stock worth $145,000 after buying an additional 4,050 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of Quipt Home Medical by 0.6% in the 3rd quarter. First Manhattan Co. now owns 926,250 shares of the company’s stock worth $3,862,000 after buying an additional 5,700 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Quipt Home Medical by 59.3% in the 4th quarter. Ritholtz Wealth Management now owns 18,146 shares of the company’s stock worth $85,000 after buying an additional 6,754 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Quipt Home Medical in the 2nd quarter worth about $47,000. 26.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Quipt Home Medical in a report on Monday, February 13th.

Quipt Home Medical Price Performance

Shares of NASDAQ:QIPT opened at $5.76 on Friday. Quipt Home Medical Corp. has a fifty-two week low of $3.89 and a fifty-two week high of $7.26. The company’s 50-day moving average is $6.16 and its 200 day moving average is $5.74. The company has a market capitalization of $240.71 million, a P/E ratio of 144.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.73.

Quipt Home Medical Profile

(Get Rating)

Quipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States. It offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep apnea, reduced mobility, and other chronic health conditions.

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Institutional Ownership by Quarter for Quipt Home Medical (NASDAQ:QIPT)

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